AT&T, CWA reach tentative agreement

AT&T´s (NYSE: T) Southwest wireline operations has reached a tentative agreement with the Communications Workers of America (CWA) in wireline contract negotiations, the company said.

The four-year agreement covers over 20,000 employees in Arkansas, Kansas, Missouri, Oklahoma and Texas. It will be submitted to the union´s membership for a vote in coming days.

The two sides agreed to start negotiations early. The current contract expires on April 8, 2017.

If the agreement is ratified on or before April 7, 2017, a ratification bonus of USD 1,000 will be paid to each eligible employee. The agreement would be effective April 9, 2017 and expire April 10, 2021.