Seeking Alpha

AT&T (T) reaches a tentative 4-year deal with a branch of the CWA union that represents 20K...

AT&T (T) reaches a tentative 4-year deal with a branch of the CWA union that represents 20K wireline workers in 5 states. The deal, which comes ahead of the April 6 expiration of an existing agreement, stipulates annual wage hikes that gradually increase from 2.25% to 3%. It comes shortly after AT&T struck a deal with a CWA branch representing 22K workers. (PR)
Comments (4)
  • jelrod3
    , contributor
    Comments (120) | Send Message
     
    Guess this means our bill is going up.
    21 Dec 2012, 10:34 PM Reply Like
  • freebra
    , contributor
    Comments (262) | Send Message
     
    Yup ! See below.
    22 Dec 2012, 12:02 PM Reply Like
  • u2u2
    , contributor
    Comment (1) | Send Message
     
    Not because of this contract! I worked for AT&T for 37 years, for my last 20 years we have not had a raise over 2.5%. Don`t get the real world workers confused with the government workers. If you get a pension you will never receive a raise...NEVER!
    23 Dec 2012, 05:14 AM Reply Like
  • freebra
    , contributor
    Comments (262) | Send Message
     
    This is quite typical of the Unions with their continuing outrageous demands. More is never enough, and they'll soon be back with other threats. With such threats as: "Give me more or I'll Strike (or walk off the job)" with my beloved 'UNION'. Ultimately, the customers are the victims, with the decision to pay the extra fees or find a non-union provider (yes, they are out there and getting stronger).

     

    Unions consist of only 27% of the total workforce in the US, and continually diminish in membership, as the smarter 'skilled' workers begin to wise-up. They will never be as strong as they were during President Roosevelt Administration. Ever wonder about the US Automakers' demise (only one of may examples), and the success of the foreign non-union-industry ? Duh, does the UAW come to mind ? The CWA should see the writing on the wall.....foreign communication providers, as well as other industries, are beginning to enter the US market and are locating in "Right-to Work" states. Overall, the Unions are slowly bleeding to death, and the US economy is slooowly improving.
    22 Dec 2012, 12:01 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector