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.

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.

Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.