AT&T Reaches Agreement with Union 3/9/13
March 9, 2013
DALLAS (AP) - AT and T Mobility has reached a tentative agreement with a union representing more than 20,000 employees across the country.
The Dallas-based company said Friday that the agreement includes general wage increases in each year of the four-year contract and maintains pensions for all employees, plus retirement savings plans, with no changes. Health care and other benefits are bargained separately.
AT and T's contract with the Communications Workers of America covers employees across much of the country. It will be submitted to the CWA's membership for a ratification vote in coming days.
Shares of AT and T Incorporated rose 29 cents to close at $36.68.