CORRECTING and REPLACING Frontier Communications and Communications Workers of America Reach Agreement in California
July 27 2015 - 4:51PM
Business Wire
Securing Additional California Jobs
Please replace the release due to changes to the
"Forward-Looking Statements" section of the release.
The corrected release reads:
FRONTIER COMMUNICATIONS AND COMMUNICATIONS
WORKERS OF AMERICA REACH AGREEMENT IN CALIFORNIA
Securing Additional California Jobs
Frontier Communications Corporation (NASDAQ: FTR) and the
Communications Workers of America District 9 (CWA) are pleased to
announce the signing of an agreement that will benefit
CWA-represented employees and Frontier’s future customers in
California. The agreement is an important step forward in the
process to complete Frontier’s planned acquisition of Verizon’s
wireline business assets in California. The CWA, representing
approximately 3,400 Verizon employees in California, supports the
proposed acquisition and believes approval of this transaction is
in the public and employees’ interest.
Under the agreement, and after the transaction closes in the
first half of 2016, Frontier will increase its workforce in
California with at least 150 new, union-represented positions. The
agreement also provides for new customer service jobs in
California.
Frontier and the CWA have agreed to partner to bring the best
possible products and services to California. By ensuring the
workforce has a clear picture of how the acquisition will affect
employees, these dedicated men and women can continue focusing on
delivering state-of-the-art broadband, voice and video services to
residential and business customers.
Frontier has agreed to honor and extend current collective
bargaining agreements. Highlights of the agreement include:
- The addition of 150 new union jobs in
California;
- Employee job security and guaranteed
workforce size;
- Extend the existing contract for two
years with wage increases in each year;
- 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; and
- Frontier commits 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 the
workforce stays highly motivated and trained to deliver the best
possible service to its future customers in California.
“All discussions with the CWA about the Verizon acquisition have
been open and productive,” said Daniel J. McCarthy, President and
Chief Executive Officer of Frontier. “Our success in the highly
competitive California workplace is dependent on the partnership
with our CWA- represented employees. Every day, employees bring
their service commitment to the workplace and that commitment will
enable Frontier to deliver on our core promise to ‘Put the Customer
First.’ We’re extremely pleased the CWA has agreed to support us as
we move forward in California. We plan to build on this partnership
over the months and years ahead as we continue to invest in people
and infrastructure across the state.”
Tom Runnion, Vice President of CWA District 9, said, “After
several sessions of intense negotiations, we have reached an
agreement that’s in the best interests of telecommunications
workers and consumers in California. As we move forward in this
partnership with Frontier, CWA members will continue to provide
customers with the quality service they expect and deserve.”
The agreement between Frontier and CWA is contingent upon the
consummation of the proposed transaction, which requires approval
by the Federal Communications Commission (FCC) and California
Public Utilities Commission (CPUC).
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 17,800 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150727006128/en/
Frontier CommunicationsSteven C. 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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