AT&T reaches agreement with union

AT&T Mobility reaches 4-year agreement with union

Associated Press

DALLAS (AP) -- AT&T Mobility has reached a tentative agreement with a union representing more than 20,000 employees across the country.

The company said Friday that the agreement includes general wage increases in each year of the four-year contract and maintains pensions for all employees, plus retirement savings plans, with no changes. Health care and other benefits are bargained separately.

AT&T's contract with the Communications Workers of America covers employees across much of the country. It will be submitted to the CWA's membership for a ratification vote in coming days.

Shares of AT&T Inc. rose 29 cents to close at $36.68.

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