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"The fight is never about grapes or lettuce. It is always about people." Cesar Chavez |
:: Wednesday, May 26, 2004 ::
Job-security accords seal SBC agreement Indianapolis Star
The settlement also guarantees no layoffs of employees now on the payroll for the life of the agreement and calls for rehiring of several hundred laid-off workers. SBC agreed to provide current CWA members with job offers elsewhere in the company if their jobs no longer are needed.
In addition, employees will receive raises of 2.3 percent per year on average for five years and lump sums averaging $300 per year, SBC said.
'SBC now has a labor agreement that provides us greater control over our cost structure and flexibility to meet our competitive challenges, while continuing to provide the outstanding wages and benefits that are hallmarks of this company,' said SBC Chairman and Chief Executive Edward E. Whitacre Jr.------------------------------------------- posted 7:04 AM :: reference link ::
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