AT&T yesterday said it had made its "last, best and final offer" to 27,000 wireline workers in the company's southwestern region, but the Communications Workers of America said the offer was a major step backward that doesn't "even come up to the status quo."
AT&T's offer includes a 2 percent raise now, and a 2.25 percent increase in 2010 and 2011. It also proposes a $500 bonus if the deal is ratified by June 5. The company said its offer increases pensions, has "above-market health care" benefits and maintains 401k contributions. The offer covers workers in Arkansas, Kansas, Missouri, Oklahoma and Texas.
On Monday, the union proposed a wage increase over the three-year term of the contract of 4.5 percent, 4.25 percent and 4 percent.
Overall, the CWA and AT&T are currently in contract talks for some 80,500 of AT&T's 299,000 workforce.
- see this Barron's Blog, this BusinessWeek article, and the CWA District 6 post
CWA reminds AT&T of network, people behind profit
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AT&T said last week that it was offering wage increases
Special Report: The CWA and AT&T contract negotiation saga
CWA, AT&T square off on health care
CWA, AT&T 'Far from agreement' on contract negotiations