AT&T; in Tentative Deal With Unions
- Share via
AT&T; Corp., the biggest U.S. long-distance company, announced a tentative agreement with unions representing 12% of its work force.
The 18-month contract includes a 6% pay raise and a $250 bonus. The company will raise pensions 8%, cover higher health-insurance premiums for retirees, and pay interest of 5.5% on the cash in workers’ retirement accounts. The contract covers 27,900 employees.
AT&T; and leaders of the Communications Workers of America and the International Brotherhood of Electrical Workers agreed on a short-term contract because of the slow economy and poor sales, the company said Saturday.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
