Thursday, March 15, 2012

AT&T and Union Reach Tentative Southwest Contract

AT&T announced the highlights of a tentative agreement with the Communications Workers of America in Mobility that was reached earlier this month. The contract covers approximately 8,800 employees in CWA District 6 (AT&T's Southwest region). Among provisions of the tentative agreement:

  • A $1,000 one-time lump sum cash payment to eligible employees upon ratification

  • General wage increases in each year of the contract – 2 percent the first year, 2.5 percent the second year, 2.25 percent the third year, and 2.5 percent the fourth year.

  • Pension plans for current employees remain unchanged.

  • New hires continue to be eligible for a cash-balance pension.

  • Continued 401(k) savings plan with generous 80 percent company match on up to 6 percent of employee's contribution.

  • Health care benefits are bargained separately and are not included in this agreement.