The stock of AT&T Inc (NYSE:T) closed at $33.65 gaining 0.33% in yesterday’s trading session. This company has made what it refers to as a ‘final’ contract offer to about 20,000 wireless employees. The Communications Workers of America union has over the years supported the employers by representing them across different fronts. However, this time around it blast the proposal as well as the provider’s effort to email terms directly to employees.
There are a number of things that will impress these workers. The first one will be a pay rise. The second will be a U.S job offer incase it turned out that the store they worked for closed down suddenly. Lastly would be an attractive pension.
The CWA seems very much against the offer and has proceeded to term it a bad faith ploy. It has advised members to be careful since the goal is to fool them into believing that it was a good deal that addressed their needs in the best possible way.
AT&T through a statement disclosed that it had earlier on sent a prior offer to the bargaining team but hasn’t yet received a response.
The company’s spokesperson opined, “This is exactly why we shared our latest proposal directly to our employees represented by the union. While these negotiations have dragged on we’ve finalized, and employees have voted to approve, seven other fair contracts since bargaining began in January.”
AT&T and its unionized workers have always been associated with good labor relations and the fact that about 30 deals have been struck since the beginning of 2015 is sufficient proof. AT&T has been engaging in a series of wireless talks and it has in the same period of time the 20,000 workers have raised concerns about the reduced commission rates, the risk of job losses from outsourcing, increasing healthcare costs and the use of third-party vendors.
AT&T has in numerous instances been seen making efforts to cut down on costs. Questions have been raised considering that it is at the same time that the wireless business has been seen experiencing shrinking revenue.