AT&T to Bring Back 3,000 Offshore Jobs

By Douglas A. McIntyre Updated Jan 12, 2:16PM EST · Published Mar 4, 9:00AM EST

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AT&T to Bring Back 3,000 Offshore Jobs — © Thinkstock

[cnxvideo id=”655426″ placement=”ros”]AT&T Inc. (NYSE: T) has reached a tentative settlement with the Communications Workers of America over the 20,000 people the telecom employs in its Southwest region. Among the concessions AT&T made was that it would bring back 3,000 jobs, most are which are overseas.

The Communications Workers of America announced that its:

… District 6 bargaining committee has reached a tentative agreement with AT&T Southwest, District 6 Vice President Claude Cummings reported.

The tentative four-year settlement provides for pay raises, paid parental leave, affordable healthcare and enhanced benefits for the 20,000 AT&T workers in Arkansas, Kansas, Missouri, Oklahoma and Texas.

A key provision of the proposed settlement commits AT&T to bring 3,000 jobs, the majority of which are sourced offshore, into bargaining units in District 6.

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This is not the first confrontation, or settlement, AT&T has had with the big union. According to a report last year in Fortune:

A group of some 2,000 workers in AT&T’s Internet business voted to authorize a strike as their contract expired last week, though no strike has been called and talks are continuing between representatives of the Communications Workers of America union and the company. And members in a larger, 15,000 member unit covering traditional telephone service workers in California and Nevada, also represented by the CWA, have been picketing AT&T events as negotiations over their next contract drag on.

Shortly thereafter, AT&T and the union reached an agreement. However, going forward, the relationship between the two organizations is hardly friendly.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.