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ATamp;;T, IBEW Reach Tentative Agreement in Wireline Contract Negotiations

^{Published on 2013-03-26 10:46:02 - Market Wire}
 

AT&T, IBEW Reach Tentative Agreement in Wireline Contract Negotiations -- DALLAS, March 26, 2013 /PRNewswire/ --

DALLAS, March 26, 2013 /PRNewswire/ --AT&T* today announced that a tentative agreement has been reached by its subsidiaries with the International Brotherhood of Electrical Workers System Council T-3 in wireline contract negotiations primarily covering Illinois and northwestern Indiana.

The four-year agreement, which will be submitted to the union's membership for a ratification vote in coming days, covers nearly 6,500 wireline employees. The IBEW employees covered under the agreement are members of IBEW Local 21 in Illinois and northwestern Indiana, and in other locals spread across the country.

The two sides agreed last month to start negotiations early. The current contract expires on June 22, 2013.

If the agreement is ratified on or before May 7, a ratification bonus of $1,000 will be paid to each eligible employee. The agreement will be effective June 23, 2013 and expire June 24, 2017.

The agreement includes general wage increases in each year of the contract – 2.25 percent the first year, 2.5 percent the second year, 2.75 percent the third year, and 3 percent the fourth year. It includes a 1 percent pension band increase in each year of the contract for most employees. And it maintains one of the most robust health care plans in the nation, with increases in employee contributions.

AT&T wireline employees represented by the Communications Workers of America earlier ratified, on Aug. 17, three-year contracts for the Midwest region and AT&T Corp. (CWA Telecommunications and Technology Office), on Dec. 7 a three-year contract for the Southeast region, and on Feb. 27 a four-year contract for the Southwest region. The ratified agreements collectively cover about 60,000 AT&T wireline employees.  

More information will be posted as it is available at [ www.att.com/corewirelinebargaining ]

*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc., including AT&T Midwest and AT&T Inc. National, under the AT&T brand and not by AT&T Inc.

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AT&T Inc. (NYSE: [ T ]) is a premier communications holding company and [ one of the most honored companies in the world ]. Its subsidiaries and affiliates – AT&T operating companies – are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's largest 4G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile Internet, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse^® and AT&T | DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world.

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SOURCE AT&T Inc.