Lucent reached a 7-year, 7-month tentative agreement with CWA and...
Lucent reached a 7-year, 7-month tentative agreement with CWA and IBEW, which represent 10% of the company’s workforce. CWA said the agreement “achieves the union’s goals of strengthening employment security while also greatly reducing the company’s earlier demands for…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
heavy health care cost-shifting of premiums to active employees and retirees.” The settlement increases wages by a compounded 16.28% over the contract term and pensions by 12% in the first year, provides a $1,000 ratification bonus and includes a cost-of-living adjustment beginning in 2008. The agreement is subject to member ratification.