Telus (TU), Telecommunications Workers Union Enter Tentative Agreement

October 3, 2016 6:26 AM EDT

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TELUS (NYSE: TU) and the Telecommunications Workers Union, United Steelworkers Local 1944 (TWU) have agreed to the terms of a tentative collective agreement, covering approximately 10,800 TELUS employees nationally.

The TWU has confirmed that it will present the tentative agreement to its membership in the coming weeks.

If ratified, the new five-year agreement will take effect later this year and expire on December 31, 2021.

"The TELUS and TWU negotiations teams have worked together to reach a fair agreement that effectively balances the needs of our team members, customers and shareholders," said Darren Entwistle, President and CEO of TELUS.

"We are optimistic our frontline team members will agree and will vote in favour of the contract," Mr. Entwistle added. "A ratified agreement will enable our team to continue supporting the progression of our growth strategy and focusing on our number one priority to deliver on TELUS' Future Friendly brand promise by putting customers first."

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