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AT&T, CWA Reach Tentative Agreement

[Techtaffy Newsdesk]

AT&T reached a tentative agreement with the Communications Workers of America in Mobility contract negotiations covering approximately 8,800 employees in CWA District 6 (AT&T’s Southwest region) on March 4.

Upon the ratification, the proposed new four-year contract goes into effect Feb. 25, 2012. 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.

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