CWA says AT&T's 'final offer' just isn't good enough

UPDATE: CWA Dist. 6 negotiators leave bargaining table

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.

For more:
- see this Barron's Blog, this BusinessWeek article, and the CWA District 6 post

Related articles
CWA reminds AT&T of network, people behind profit
AT&T's profit and revenue slipped in Q1
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

Suggested Articles

In order to help fuel its fiber ambitions in the Midwest, Everstream announced it has secured $342.5 million in debt financing from nine banks.

The winds of changes swept through IBM on Monday as the company named Howard Boville as the new head of its cloud business.

As Frontier Communications charts a course to a bankruptcy filing next week, the company regrets not spending more on fiber network upgrades.