Frontier Communications and Communications Workers of America Reach Agreement in Texas and Missouri
July 31 2015 - 9:26AM
Business Wire
Frontier Communications Corporation (NASDAQ: FTR) and the
Communications Workers of America District 6 (CWA) are pleased to
announce the signing of an agreement that will benefit
CWA-represented employees in Texas and Missouri and Frontier’s
future customers in Texas. The agreement is an important step
forward in the process to complete Frontier’s planned acquisition
of Verizon’s wireline business and assets in Texas, California and
Florida. The CWA supports the proposed acquisition and believes it
is in the public interest and the interest of its members.
The CWA represents 2,000 Verizon workers in Texas and Missouri.
This agreement provides the workforce in both states assurances for
the acquisition and how the acquisition will affect them. It also
includes operational benefits to allow Frontier to implement its
local engagement model in the Texas markets. Reaching this
agreement early allows these dedicated men and women to focus on
delivering state-of-the-art broadband, voice and video services to
Frontier’s future residential and business customers.
Frontier has agreed to honor and extend the existing collective
bargaining agreements for two years. Highlights of the agreement
include:
- Employee job security protection
- Extend the existing contracts for two
years with wage increases in each year
- The addition of 60 new
union-represented jobs in Texas and Missouri
- Technician Job Upgrades
- Operational flexibility to enhance the
service experience for customers
- All union employees will receive 100
shares of Frontier restricted stock upon the closing of the
transaction to demonstrate Frontier’s commitment to its newest
employees and their ownership in the company’s success
- Frontier continues to commit to a 100%
U.S. based workforce
As part of this agreement, Frontier and the CWA will form a
Partnership Forum that will promote innovation of Frontier’s
products and services and the service experience our customers
receive. All commitments by Frontier are designed to ensure that
the workforce stays highly motivated and trained to deliver the
best possible service to its future customers in Texas.
"I am very pleased with the professionalism and progress made
during this latest set of negotiations,” said Daniel J. McCarthy,
President and Chief Executive Officer of Frontier. “We value our
positive relationships with our employees and their unions and rely
on them to help us live up to our goal to `Put the Customer
First’.” Mr. McCarthy added, “Our discussions with the CWA about
this acquisition have been beneficial to union-represented workers
and will ultimately benefit Frontier’s customers in Texas,
California and Florida. We look forward to building a strong
partnership in the years ahead."
CWA District 6 Vice President Claude Cummings said, "We have
reached an agreement with Frontier that is in the best interests of
telecommunications workers and consumers. We hope to build on this
partnership going forward."
The agreement between Frontier and CWA is contingent upon the
approval of the proposed transaction by the Federal Communications
Commission, applicable state approvals, and the consummation of the
proposed transaction.
About Frontier
Communications
Frontier Communications Corporation (NASDAQ: FTR) offers
broadband, voice, video, wireless Internet data access, data
security solutions, bundled offerings, specialized bundles for
residential customers, small businesses and home offices and
advanced communications for medium and large businesses in 28
states. Frontier's approximately 18,200 employees are based
entirely in the United States. More information is available at
www.frontier.com.
About Communication Workers of
America
The Communications Workers of America represents 700,000 workers
in telecommunications, media, airlines, public service and
manufacturing.
Forward-Looking
Statements
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions of The Private
Securities Litigation Reform Act of 1995. These statements are made
on the basis of Frontier management’s views and assumptions
regarding future events and business performance. Words such as
“believe,” “anticipate,” “expect” and similar expressions are
intended to identify forward-looking statements. Forward-looking
statements (including oral representations) involve risks and
uncertainties that may cause actual results to differ materially
from any future results, performance or achievements expressed or
implied by such statements. These risks and uncertainties include,
but are not limited to: Frontier’s ability to complete the
acquisition of Verizon’s California, Florida and Texas wireline
operations, including the ability to complete the financing of the
acquisition; the ability to successfully integrate the acquired
operations into Frontier’s existing operations; the sufficiency of
the assets to be acquired from Verizon to enable the combined
company to operate the acquired business; the ability to enter into
or obtain, or delays in entering into or obtaining, certain
agreements and consents necessary to operate the acquired business
as planned; the ability to obtain, delays in obtaining or adverse
conditions contained in any required regulatory approvals for the
Verizon transaction; and the other factors that are described in
Frontier’s filings with the U.S. Securities and Exchange
Commission, including but not limited to Frontier’s reports on
Forms 10-K and 10-Q. These risks and uncertainties may cause
Frontier’s actual future results to be materially different than
those expressed in the forward-looking statements contained in this
press release. We do not undertake to update or revise these
forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20150731005399/en/
Frontier CommunicationsSteve Crosby,
916-686-3333steven.crosby@ftr.comBrigid M. Smith,
203-614-5042brigid.smith@ftr.comorCWACandice Johnson,
202-434-1168cjohnson@cwa-union.org
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