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TheStreet Open House

CenturyLink And CWA Reach Agreement In Contract Negotiations

Stocks in this article: CTL

MONROE, La., July 30, 2013 /PRNewswire/ --  CenturyLink, Inc. (NYSE:  CTL) and the Communications Workers of America (CWA) District 7 today announced that they have reached a tentative agreement in contract negotiations. CenturyLink is currently in the final stages of working out an agreement with the International Brotherhood of Electrical Workers (IBEW) Local 206, and expects to conclude those negotiations in the coming weeks.

(Logo: http://photos.prnewswire.com/prnh/20090602/DA26511LOGO)

"CenturyLink and the CWA are pleased that we have come to an agreement that provides our employees fair and equitable benefits and will better enable us to deliver on our mutual commitment to serve our customers," said Glen F. Post III, chief executive officer and president.

The new four-year agreement now will be sent to CWA bargaining unit members for ratification votes. The contract covers approximately 12,000 CenturyLink employees in the states of Arizona, Colorado, Idaho, Iowa, Minnesota, Nebraska, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington and Wyoming. 

The agreement covers a variety of areas, including wages, pension and health care benefits. However, throughout the course of the negotiations, the company has focused on three primary goals:

  • Compete and grow: Provide employees with pay and benefits more closely aligned with similar jobs in their markets. This enables CenturyLink to continue to provide good jobs while allowing the company to compete in a highly dynamic and competitive environment.
  • Operational flexibility: More closely align work rules and policies with the need to provide greater flexibility to serve customers better. This allows for quick and effective responses to customers and helps meet business demands.
  • Fairness: Mitigate pay and benefits disparities among similarly-situated employees across the company.

The previous contracts were scheduled to expire Oct. 6, 2012, but have been extended on a day-to-day basis while negotiations continued.

About CenturyLinkCenturyLink is the third largest telecommunications company in the United States and is recognized as a leader in the network services market by technology industry analyst firms. The company is a global leader in cloud infrastructure and hosted IT solutions for enterprise customers. CenturyLink provides data, voice and managed services in local, national and select international markets through its high-quality advanced fiber optic network and multiple data centers for businesses and consumers. The company also offers advanced entertainment services under the CenturyLinkTM PrismTM TV and DIRECTV brands. Headquartered in Monroe, La., CenturyLink is an S&P 500 company and is included among the Fortune 500 list of America's largest corporations. For more information, visit www.centurylink.com

SOURCE CenturyLink, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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