Qwest in tentative deal with union
Qwest Communications International Inc. said Saturday it has reached a tentative agreement for a four-year contract with a union representing about 20,000 employees.
Members of the Communications Workers of America last month rejected a tentative three-year agreement with Denver-based Qwest (Q, Fortune 500), after the previous contract expired Aug. 16.
Results of a ratification vote on the new agreement by union members are expected by Oct. 31.
The new deal calls for a 12 http://payday-advance-i.com.5% raise over the course of the contract and a pension increase of 3% for those who are eligible and retire from the company after Oct. 12.
The CWA represents Qwest workers in 13 states.
Qwest shares closed Friday at $2.18, down 10 cents.