Thursday, October 21, 2010

CenturyLink and Qwest Reach Deal with Unions on Merger

CenturyLink and Qwest Communications reached a deal with the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW) regarding their proposed merger. The unions have agreed that the merger between CenturyLink and Qwest is in the public interest and will withdraw all opposition in any remaining state and federal regulatory proceedings.


The agreement covers employment levels, call center stability, investments in broadband and employee healthcare benefits. The companies also agreed to honor all existing collective bargaining agreements.


"We are very pleased the CWA and IBEW acknowledge the public interest benefits of the proposed merger," said Glen F. Post III, chief executive officer and president of CenturyLink. "CenturyLink values our positive relationships with our employees and unions. We rely on each and every employee to deliver an exceptional communications experience to our customers, and we will continue to work toward meeting their evolving communications needs."

Some key points on the merger:


As of June 30, 2010, CenturyLink served approximately 2.3 million broadband customers, 6.8 million access lines and 594,000 video subscribers.


As of June 30, 2010, Qwest served approximately 2.9 million broadband customers, 9.4 million access lines, 950,000 video subscribers and more than 980,000 wireless customers.


The combined company will have a national 180,000 route mile fiber network.http://centurylinkqwestmerger.com

0 comments:

Post a Comment

See also