Friday, March 08, 2013 5:41 pm
AT&T reaches agreement with union
The Associated Press
The company said Friday that the agreement includes general wage increases in each year of the four-year contract and maintains pensions for all employees, plus retirement savings plans, with no changes. Health care and other benefits are bargained separately.
AT&T's contract with the Communications Workers of America covers employees across much of the country. It will be submitted to the CWA's membership for a ratification vote in coming days.
Shares of AT&T Inc. rose 29 cents to close at $36.68.