DENVER, Nov. 7, 2008 — Qwest Communications International Inc. (NYSE: Q) workers represented by the Communications Workers of America ratified a tentative agreement reached between the company and the union last month.
On Oct. 10, the CWA and Qwest reached a new agreement on the terms of a proposed four-year contract covering about 20,000 Qwest workers. The agreement followed the CWA’s refusal on Sept. 30 to ratify a tentative agreement reached between the company and the union last August.
“We appreciate that the CWA and its membership carefully considered the tentative agreement and we believe that we are delivering a competitive compensation package for our workers,” said Rich Baer, general counsel and chief administrative officer for Qwest. “We look forward to working in partnership with the CWA and its members to deliver the best possible telecommunications experience for our customers.”
Key provisions of the latest tentative agreement included wage increases totaling more than 12 percent over the term of the contract, modest changes to health care benefits and an increase in pension benefits for new retirees. The new contract will expire Oct. 6, 2012.
Customers coast to coast turn to Qwest's industry-leading national fiber-optic network and world-class customer service to meet their communications and entertainment needs. For residential customers, Qwest offers a new generation of fiber-optic high-speed Internet service, as well as digital home phone, Verizon Wireless, and DIRECTV services. Qwest is also the choice of 95 percent of Fortune 500 companies, offering a full suite of network, data and voice services for small businesses, large businesses, government agencies and wholesale customers. Additionally, Qwest participates in Networx, the largest communications services contract in the world, and is recognized as a leader in the network services market by a leading technology industry analyst firm.