DENVER, Sept. 30, 2008 — Qwest Communications International Inc. (NYSE: Q) workers represented by the Communications Workers of America failed to ratify a Tentative Agreement reached between the company and the union last month.
On Aug. 17, the CWA and Qwest reached Tentative Agreement on the terms of a proposed new three-year contract covering about 20,000 Qwest workers. Routine contract talks between the two parties opened July 8.
Key provisions of that Tentative Agreement included wage increases totaling more than 9 percent over the term of the contract, modest changes to health care benefits and an increase in pension benefits for new retirees. Under the Tentative Agreement, the contract would expire Aug.13, 2011.
In light of the failure to ratify, the company has reactivated its contingency plan and remains completely operational. The parties will be discussing next steps over the coming days.
Customers coast to coast turn to Qwest's industry-leading national fiber-optic network and world-class Spirit of Service to meet their communications and entertainment needs. For residential customers, Qwest’s powerful combination of award-winning high-speed Internet, home and wireless voice solutions and digital TV includes a new generation of fiber-optic Internet 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.
The marks that comprise the Qwest logo are registered trademarks of Qwest Communications International Inc. in the