Stock Market News

AT&T makes final offer to striking CWA union

2024.09.05 14:06

(Reuters) -Telecom operator AT&T (NYSE:) has presented the Communications Workers of America’s bargaining committee with its final offer, the union said on Thursday, adding that the proposal did not meet its expectations.

The CWA union said the proposal was made on Wednesday and it made a counteroffer later in the day.

“What the company is not telling our members and the public is that their healthcare proposal raises the upfront cost for our members, especially those with family coverage. We have made it clear to the company from the start that raising our members’ cost share percentage is unacceptable,” the union said.

More than 17,000 employees at the company including technicians and customer service representatives, and others who install, maintain and support AT&T’s residential and business wireline telecommunications network went on strike last month to protest unfair labor practices.

“We have made a strong final offer to the CWA District 3 in the Southeast. We believe that this offer, if accepted, would provide our employees with competitive market-based pay that exceeds projected inflation,” AT&T Chief Operating Officer Jeff McElfresh told Reuters in a statement.

© Reuters. FILE PHOTO: Small toy figures with laptops and smartphones are seen in front of displayed AT&T logo, in this illustration taken December 5, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

The company is also offering to increase its financial contributions to employee healthcare and wellness by up to 25% per year, McElfresh added.

The union informed AT&T and the Federal Mediation and Conciliation Service on Monday that it would no longer be a part of the mediation process, calling it another “delaying tactic”.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,913.50 1.11%
ethereum
Ethereum (ETH) $ 3,463.63 0.12%
tether
Tether (USDT) $ 0.998933 0.05%
xrp
XRP (XRP) $ 2.27 1.21%
bnb
BNB (BNB) $ 706.93 1.36%
solana
Solana (SOL) $ 196.80 1.56%
dogecoin
Dogecoin (DOGE) $ 0.331123 1.32%
usd-coin
USDC (USDC) $ 0.999602 0.03%
staked-ether
Lido Staked Ether (STETH) $ 3,462.24 0.13%
cardano
Cardano (ADA) $ 0.907277 2.26%
tron
TRON (TRX) $ 0.256747 0.11%
avalanche-2
Avalanche (AVAX) $ 39.85 3.63%
chainlink
Chainlink (LINK) $ 24.05 3.69%
the-open-network
Toncoin (TON) $ 5.91 0.47%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,119.23 0.09%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 3.84%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,565.41 1.10%
sui
Sui (SUI) $ 4.44 3.16%
hedera-hashgraph
Hedera (HBAR) $ 0.312707 2.08%
stellar
Stellar (XLM) $ 0.378814 4.28%
polkadot
Polkadot (DOT) $ 7.40 1.22%
weth
WETH (WETH) $ 3,463.36 0.27%
bitcoin-cash
Bitcoin Cash (BCH) $ 461.31 1.11%
leo-token
LEO Token (LEO) $ 9.55 0.09%
hyperliquid
Hyperliquid (HYPE) $ 25.79 12.16%
uniswap
Uniswap (UNI) $ 13.65 4.59%
bitget-token
Bitget Token (BGB) $ 5.87 19.50%
litecoin
Litecoin (LTC) $ 108.43 0.09%
pepe
Pepe (PEPE) $ 0.000018 4.24%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,655.38 0.11%
near
NEAR Protocol (NEAR) $ 5.35 4.09%
ethena-usde
Ethena USDe (USDE) $ 0.998349 0.08%
aave
Aave (AAVE) $ 361.13 1.84%
usds
USDS (USDS) $ 0.997877 0.21%
internet-computer
Internet Computer (ICP) $ 11.05 2.43%
aptos
Aptos (APT) $ 9.40 4.18%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.507397 3.11%
crypto-com-chain
Cronos (CRO) $ 0.156231 3.68%
vechain
VeChain (VET) $ 0.050793 2.97%
mantle
Mantle (MNT) $ 1.22 0.91%
ethereum-classic
Ethereum Classic (ETC) $ 27.00 2.60%
render-token
Render (RENDER) $ 7.44 4.60%
bittensor
Bittensor (TAO) $ 490.47 1.77%
whitebit
WhiteBIT Coin (WBT) $ 24.86 0.29%
mantra-dao
MANTRA (OM) $ 3.75 1.89%
monero
Monero (XMR) $ 190.00 0.80%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.33 4.10%
dai
Dai (DAI) $ 0.999805 0.08%
arbitrum
Arbitrum (ARB) $ 0.792613 2.15%
filecoin
Filecoin (FIL) $ 5.25 3.70%