Feeds

Unions back Lucent pay deal

Up the workers

  • alert
  • submit to reddit

Workers at Lucent have agreed to a new pay and conditions settlement that will, union officials say, give them greater job security.

Two unions - the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW) - have ratified the deal which runs until 2012.

Some 3,400 installers, technicians and other workers at the telecoms equipment manufacturer will see their wages rise 16 per cent over the next seven years along with an increase in pension entitlements.

Workers will also receive a one-off $1,000 "ratification bonus".

Said CWA union boss Ralph Maly: "Lucent's financial situation made it imperative that we find a solution that would help ensure the survival of health care coverage for our members and retirees."

The agreement also provides for a no-layoff guarantee for installers and opens up new job opportunities within installation. Which is nice. ®

Related stories

Lucent posts full-year profits
Lucent raises sales outlook
Ex-Lucent boss could face bribe charges

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.