AT&T (T) Reaches Agreement With Some Workers, Others Strike
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Price: $37.44 +0.16%
Overall Analyst Rating:
NEUTRAL (= Flat)
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Revenue Growth %: -1.4%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 4.8%
Revenue Growth %: -1.4%
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AT&T (NYSE: T) announced that AT&T Southeast (BellSouth Telecommunications) reached a handshake on a tentative agreement with the Communications Workers of America in contract negotiations. Additionally, AT&T reached handshakes on tentative agreements with the CWA on two other smaller Southeast regional agreements covering AT&T Billing Southeast and Southeast Utility Operations.
In addition, AT&T Midwest on July 13 announced an agreement with the International Brotherhood of Electrical Workers on a one-year contract extension covering nearly 7,000 wireline employees. Most of the IBEW employees covered under the contract are members of IBEW Local 21 and are in Illinois and northwestern Indiana; the rest are spread across the country.
In total AT&T has reached agreements covering nearly 48,000 wireline employees
AT&T also announced today that the Communications Workers of America have notified the company that wireline employees covered by the AT&T West and AT&T East contracts have initiated a strike. The contracts expired April 7. The West contract covers more than 17,000 wireline employees in California and Nevada, and the East contract covers more than 3,000 wireline employees in Connecticut.
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In addition, AT&T Midwest on July 13 announced an agreement with the International Brotherhood of Electrical Workers on a one-year contract extension covering nearly 7,000 wireline employees. Most of the IBEW employees covered under the contract are members of IBEW Local 21 and are in Illinois and northwestern Indiana; the rest are spread across the country.
In total AT&T has reached agreements covering nearly 48,000 wireline employees
AT&T also announced today that the Communications Workers of America have notified the company that wireline employees covered by the AT&T West and AT&T East contracts have initiated a strike. The contracts expired April 7. The West contract covers more than 17,000 wireline employees in California and Nevada, and the East contract covers more than 3,000 wireline employees in Connecticut.
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