Alaska Communications, IBEW Local 1547 Reach New Collective Bargaining Agreement
December 12 2017 - 8:05AM
Business Wire
Alaska Communications (NASDAQ: ALSK) and the International
Brotherhood of Electrical Workers (IBEW) 1547 today reached
agreement on the terms of a new collective bargaining agreement,
which was ratified Dec. 8 and is effective through Dec. 31,
2023.
The agreement covers all of Alaska Communications’ represented
workforce, or about 320 employees in the state of Alaska.
Alaska Communications President and CEO Anand Vadapalli praised
both parties for working toward an agreement.
“I am pleased the union and our company have reached an
agreement that meets both our needs,” Vadapalli said. “The new CBA
provides wage and benefit certainty to our employees while allowing
the company to proactively respond to technology and operating
model shifts to serve our customers in ways that allow us to win in
the market.”
About Alaska Communications Systems
Alaska Communications (NASDAQ: ALSK) is the leading provider of
advanced broadband and managed IT services for businesses and
consumers in Alaska. The company operates a highly reliable,
advanced statewide data network with the latest technology and the
most diverse undersea fiber optic system connecting Alaska to the
contiguous U.S. For more information, visit
www.alaskacommunications.com or www.alsk.com.
Forward-Looking Statements
This press release includes certain “forward-looking
statements,” as that term is defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management’s beliefs as well as on a number of assumptions
concerning future events made using information currently available
to management. Readers are cautioned not to put undue reliance on
such forward-looking statements, which are not a guarantee of
performance and are subject to a number of uncertainties and other
factors, many of which are outside the Company’s control. Such
factors include, without limitation, Federal and Alaska Universal
Service Fund changes, adverse economic conditions, the effects of
competition in our markets, our relatively small size compared with
our competitors, the Company’s ability to compete, manage,
integrate, market, maintain, and attract sufficient customers for
its products and services, adverse changes in labor matters,
including workforce levels, our ability to service our debt and
refinance as required, labor negotiations, including renegotiating
our collective bargaining agreement, employee benefit costs, our
ability to control other operating costs, disruption of our
supplier’s provisioning of critical products or services, the
impact of natural or man-made disasters, changes in Company’s
relationships with large customers, unforeseen changes in public
policies, regulatory changes, changes in technology and standards,
our internal control over financial reporting, and changes in
accounting standards or policies, which could affect reported
financial results. For further information regarding risks and
uncertainties associated with the Company’s business, please refer
to the Company’s SEC filings, including, but not limited to, the
sections entitled “Risk Factors” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” in our
annual report on Form 10-K and quarterly reports on Form 10-Q.
Copies of the Company’s SEC filings may be obtained by contacting
its investor relations department at (907) 564-7556 or by visiting
its investor relations website at www.alsk.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171212005377/en/
Alaska CommunicationsMedia Contact:Heather Cavanaugh,
907-564-7722Director, External Affairs and Corporate
CommunicationsHeather.Cavanaugh@acsalaska.comorInvestor
Contact:Tiffany Smith, 907-564-7556Manager, Board and Investor
Relationsinvestors@acsalaska.com
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