CenturyLink, CWA establish tentative agreement covering North Florida workers

Source: Fierce Telecom

By Sean Buckley

CenturyLink (NYSE: CTL) has overcome a hurdle in its labor negotiations with union workers by establishing a tentative agreement with workers represented by the Communications Workers of America (CWA) in its Northern and Central Florida regions.

Among the many new elements of the tentative agreement are a series of pay and pension increases.

The service provider agreed to provide a 2 percent retroactive pay increase effective as of April 1, 2015, and a 2 percent raise for 2016. It is also providing a one-time $1,200 ratification bonus for each employee on the active payroll as of the date of the contract ratification.

From a pension perspective, the service provider will provide an increase in 2015 and 2016, but no increase in the third year of the proposed contract. Workers that are eligible for pension also have the option to get a lump sum payout.

FULL story at link.

Read more: http://www.fiercetelecom.com/story/centurylink-cwa-establish-tentative-agreement-covering-north-florida-worker/2015-07-10