AT&T, IBEW reach contract agreement

As AT&T and the Communications Workers of America union inched toward potential agreement last week on a new contract, the International Brotherhood of Electrical Workers union reported its own good news over the weekend. The IBEW said it had struck a new tentative three-year contract agreement with AT&T, a deal that will affect about 10,000 telco employees  in New England, New Jersey, Pennsylvania, Illinois, Indiana, California and the Northwest, according to an IBEW press release.

The release stated  wages for the vast majority of affected employees will increase 3 percent in the first and second years of the contract, and 2.75 percent in the third year. Pension bands will increase 2 percent in every year of the agreement. The third year of the contract also includes the potential opportunity for "a cost-of-living adjustment tied to the Consumer Price Index" that would affect both wages and pensions.

Health care benefits in the new contract remain strong, though some cost sharing for health insurance coverage is included in the new deal, the statement said.

The release also noted that some of the IBEW members included in the contract have worked for AT&T since before the company's original break-up in 1984. the new deal must still be approved by union membership, a vote that likely will play out over several weeks to come.

For more:
Here is the IBEW press release

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