STOCK TITAN

AT&T Employees Vote to Ratify the Southeast and West Agreements

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

AT&T has successfully ratified two collective bargaining agreements with the Communications Workers of America (CWA), covering approximately 23,000 employees. The agreements include:

  • A 5-year agreement with CWA District 3 in the Southeast, covering about 15,000 employees across 9 states, expiring on Aug. 4, 2029.
  • A 4-year agreement with CWA District 9 in the West, covering about 8,400 employees in California and Nevada, expiring on April 8, 2028.

As the largest employer of union-represented employees in the U.S. telecommunications industry, AT&T emphasizes its commitment to growing 5G and fiber with a strong union workforce. The agreements provide competitive market-based wage increases, comprehensive benefits, and improved job security, positioning the company for sustainable growth while recognizing employee contributions.

AT&T ha ratificato con successo due contratti collettivi di lavoro con i Communications Workers of America (CWA), che riguardano circa 23.000 dipendenti. I contratti includono:

  • Un accordo di 5 anni con il CWA Distretto 3 nel Sud-est, che copre circa 15.000 dipendenti in 9 stati, con scadenza il 4 agosto 2029.
  • Un accordo di 4 anni con il CWA Distretto 9 nell'Ovest, che copre circa 8.400 dipendenti in California e Nevada, con scadenza l'8 aprile 2028.

Essendo il più grande datore di lavoro di dipendenti rappresentati da sindacati nell'industria delle telecomunicazioni negli Stati Uniti, AT&T sottolinea il suo impegno a sviluppare il 5G e la fibra con una solida forza lavoro sindacale. Gli accordi forniscono incrementi salariali competitivi basati sul mercato, benefici completi e una maggiore sicurezza lavorativa, posizionando l'azienda per una crescita sostenibile riconoscendo al contempo i contributi dei dipendenti.

AT&T ha ratificado con éxito dos acuerdos de negociación colectiva con los Communications Workers of America (CWA), que abarcan aproximadamente a 23,000 empleados. Los acuerdos incluyen:

  • Un acuerdo de 5 años con el CWA Distrito 3 en el Sureste, que abarca a alrededor de 15,000 empleados en 9 estados, que expira el 4 de agosto de 2029.
  • Un acuerdo de 4 años con el CWA Distrito 9 en el Oeste, que cubre a unos 8,400 empleados en California y Nevada, que expira el 8 de abril de 2028.

Como el mayor empleador de empleados representados por sindicatos en la industria de telecomunicaciones de EE. UU., AT&T enfatiza su compromiso de desarrollar 5G y fibra con una sólida fuerza laboral sindical. Los acuerdos proporcionan aumentos salariales competitivos basados en el mercado, beneficios integrales y una mejor seguridad laboral, posicionando a la empresa para un crecimiento sostenible mientras reconoce las contribuciones de los empleados.

AT&T는 Communications Workers of America(CWA)와 두 개의 단체 협약을 성공적으로 체결하였으며, 이는 약 23,000명의 직원을 포함합니다. 이 협약에는 다음과 같은 내용이 포함됩니다:

  • 보통 5년 계약으로 CWA 제3지구와 함께하며, 미국 남동부 지역의 약 15,000명의 직원이 포함된 계약으로, 2029년 8월 4일에 만료됩니다.
  • 보통 4년 계약으로 CWA 제9지구와 함께하며, 캘리포니아와 네바다에서 약 8,400명의 직원을 포함하며, 2028년 4월 8일에 만료됩니다.

미국 통신 산업 내에서 노조에 의해 대표되는 직원의 최대 고용주인 AT&T는 강력한 노조 인력으로 5G 및 광섬유를 확장하는 것에 대한 약속을 강조합니다. 이 협약은 경쟁력 있는 시장 기반 임금 인상, 포괄적인 복지 혜택, 그리고 향상된 직업 안전을 제공하여, 직원의 기여를 인정하면서 지속 가능한 성장의 토대를 마련합니다.

AT&T a ratifié avec succès deux accords collectifs de travail avec les Communications Workers of America (CWA), couvrant environ 23 000 employés. Les accords incluent :

  • Un accord de 5 ans avec le CWA District 3 dans le Sud-Est, couvrant environ 15 000 employés dans 9 États, arrivant à expiration le 4 août 2029.
  • Un accord de 4 ans avec le CWA District 9 dans l'Ouest, couvrant environ 8 400 employés en Californie et au Nevada, arrivant à expiration le 8 avril 2028.

En tant que plus grand employeur d'employés représentés par des syndicats dans l'industrie des télécommunications aux États-Unis, AT&T souligne son engagement à développer la 5G et la fibre avec une main-d'œuvre syndiquée solide. Les accords fournissent des augmentations salariales compétitives basées sur le marché, des avantages complets et une sécurité d'emploi améliorée, positionnant l'entreprise pour une croissance durable tout en reconnaissant les contributions des employés.

AT&T hat erfolgreich zwei Tarifverträge mit den Communications Workers of America (CWA) ratifiziert, die etwa 23.000 Mitarbeiter abdecken. Die Vereinbarungen umfassen:

  • Eine 5-Jahres-Vereinbarung mit CWA Bezirk 3 im Südosten, die etwa 15.000 Mitarbeiter in 9 Bundesstaaten umfasst und am 4. August 2029 ausläuft.
  • Eine 4-Jahres-Vereinbarung mit CWA Bezirk 9 im Westen, die etwa 8.400 Mitarbeiter in Kalifornien und Nevada umfasst und am 8. April 2028 ausläuft.

Als größter Arbeitgeber von gewerkschaftlich vertretenen Mitarbeitern in der US-Telekommunikationsbranche betont AT&T sein Engagement für den Ausbau von 5G und Glasfaser mit einer starken Gewerkschaftsbelegschaft. Die Vereinbarungen bieten wettbewerbsfähige, marktbasierte Lohnerhöhungen, umfassende Leistungen und verbesserte Jobsicherheit und positionieren das Unternehmen für nachhaltiges Wachstum, während die Beiträge der Mitarbeiter anerkannt werden.

Positive
  • Ratification of two collective bargaining agreements covering 23,000 employees
  • Competitive market-based wage increases that exceed projected inflation
  • Improved job security and schedule stability for employees
  • Increased company contributions to employee healthcare and wellness
Negative
  • None.

Insights

This agreement between AT&T and the CWA is a significant development for the company's workforce stability and operational efficiency. The ratification of these long-term contracts, covering 23,000 employees across multiple states, provides AT&T with labor certainty for the next 4-5 years. This is particularly important as AT&T focuses on expanding its 5G and fiber networks, which require a skilled and reliable workforce.

The agreements' provisions for market-based wage increases above projected inflation, improved healthcare contributions and enhanced job security are likely to boost employee morale and productivity. This could translate into better customer service and potentially improved financial performance for AT&T in the long run.

However, investors should note that these enhanced benefits may increase labor costs in the short term. The impact on AT&T's bottom line will depend on how effectively the company can leverage its unionized workforce to drive growth in its strategic areas of 5G and fiber expansion.

AT&T's successful negotiation of these union agreements is strategically important for its position in the highly competitive telecommunications market. By securing a stable workforce for its critical infrastructure roles, AT&T is better positioned to execute its 5G and fiber expansion plans, which are essential for future growth and competitiveness.

The company's emphasis on being the largest employer of union-represented employees in the U.S. telecom industry could be a double-edged sword. While it may provide stability and skilled labor, it also potentially limits flexibility in adapting to rapid technological changes and market shifts. Investors should watch how this balance affects AT&T's ability to innovate and control costs compared to less unionized competitors.

The long-term nature of these agreements (4-5 years) provides predictability for financial planning but may also lock AT&T into commitments that could become burdensome if market conditions change significantly.

DALLAS, Oct. 18, 2024 /PRNewswire/ -- Our highly skilled, unionized workforce strongly positions us to grow 5G and fiber.

Key Takeaways:

  • AT&T ratifies agreements with the Communications Workers of America (CWA) in the Southeast and West, covering about 23,000 employees.
  • AT&T is proud to be the largest employer of union-represented employees in the U.S. telecommunications industry.
  • AT&T's labor agreements support the company's commitment to employees' total wellbeing by providing wages and benefits that are among the best in the nation.

What's the news? AT&T employees represented by the CWA voted to ratify two collective bargaining agreements. The 5-year agreement with CWA District 3 in the Southeast covers about 15,000 employees who primarily work in technician, call center, machine operator, and other customer service roles in AL, FL, GA, KY, LA, MS, NC, SC, and TN, and is set to expire on Aug. 4, 2029. The 4-year agreement with CWA District 9 in the West covers about 8,400 employees who primarily work in those same roles in CA and NV, and is set to expire on April 8, 2028.

Why is this important? AT&T is the largest employer of union-represented employees in the U.S. telecommunications industry, where more than 62,000 AT&T employees are unionized. AT&T's high-performance wireless and fiber networks provide a foundation for U.S. economic growth, innovation, and individual opportunity, and AT&T is focused on growing 5G and fiber with a strong union workforce.

"We are proud to support the needs of our unionized employees as they make these connections possible for our customers and communities," said Jamie Barton, senior vice president of Global Human Resources and Labor Relations, AT&T. "We believe that to be the best connectivity provider, our agreements must allow us to compete for the best people and have the best operations that can adapt to evolving customer demands. These new agreements position the company for sustainable growth and ensure we continue to recognize the work our employees do every day to serve our customers."

AT&T's labor agreements support the company's commitment to employees' total wellbeing by providing wages and benefits that are among the best in the nation, promoting the physical, emotional, financial and social wellbeing of employees, their families and their communities. These agreements include competitive market-based wage increases that exceed projected inflation, comprehensive retirement benefits, increases in the company's financial contributions to employee healthcare and wellness, better schedule stability, job security, and more.

Thanks to strong, long-term relationships with our union partners, the company has now reached 18 agreements since the beginning of 2022, including seven contracts ratified this year.

About AT&T

We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.

© 2024 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.

AT&T Inc. logo (PRNewsfoto/AT&T Communications)

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/att-employees-vote-to-ratify-the-southeast-and-west-agreements-302280912.html

SOURCE AT&T

FAQ

How many employees are covered by AT&T's new CWA agreements in 2024?

AT&T's new CWA agreements cover approximately 23,000 employees, with about 15,000 in the Southeast and 8,400 in the West.

What is the duration of AT&T's (T) new labor agreements with CWA?

AT&T's agreement with CWA District 3 in the Southeast is for 5 years, expiring on Aug. 4, 2029, while the agreement with CWA District 9 in the West is for 4 years, expiring on April 8, 2028.

How many union-represented employees does AT&T (T) have in the U.S. telecommunications industry?

AT&T has more than 62,000 union-represented employees, making it the largest employer of unionized workers in the U.S. telecommunications industry.

What benefits are included in AT&T's (T) new labor agreements?

The new agreements include competitive wage increases, comprehensive retirement benefits, increased company contributions to healthcare and wellness, better schedule stability, and improved job security.

AT&T Inc.

NYSE:T

T Rankings

T Latest News

T Stock Data

157.42B
7.17B
0.08%
61.22%
1.41%
Telecom Services
Telephone Communications (no Radiotelephone)
Link
United States of America
DALLAS