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

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
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.