|
|
|
TELUS and Telecommunications Workers Union reach tentative agreement
11 October 2005TELUS and the Telecommunications Workers Union (TWU) have reached a memorandum of settlement related to the work stoppage at TELUS which began on July 21. The memorandum contains the terms of the five-year collective agreement that will now be submitted to TWU members for ratification. The TWU is recommending its members accept the agreement. Subject to ratification, this memorandum of settlement concludes the five year process of merging six separate collective agreements into one. The tentative contract covers a national bargaining unit of approximately 14,000 employees, predominantly located in British Columbia and Alberta. It provides TELUS and its team members the flexibility to compete on a level playing field and maintain TELUS' Canadian telecom leadership position in data, Internet Protocol, and wireless. TELUS and the TWU believe this tentative agreement represents a collective and constructive way forward. "I am grateful that, together, we were able to negotiate an agreement that benefits TELUS, our team members, our customers and our investors. It is my hope and desire that this marks the beginning of a positive and cooperative relationship," said Darren Entwistle, President and CEO of TELUS Corporation. "Reaching an agreement has been a long and complex process, but I am convinced the outcome will help enshrine the future success of TELUS and our team. We now have a significant opportunity to move forward with an agreement that recognizes our team members' tremendous contributions and provides TELUS with the flexibility needed to continue our leadership position in a highly competitive market." "We are pleased that we have been able to reach a negotiated tentative agreement that we feel is good for our members. Their support has allowed us to work hard on their behalf throughout this difficult period," said Bruce Bell, President of the TWU. "We are recommending ratification to our members and will be conducting a ratification vote which is expected to be completed by October 23. I believe ratification will allow the TWU, its members and TELUS to focus on our collective future. Our goal is to conduct the ratification process that shares information on the elements of our agreement with our members to support its acceptance and ultimately have our members back at work as soon as possible." In order to respect the ratification process and allow the TWU to communicate the details of the offer to its members, TELUS will not be providing further information related to the memorandum of settlement until such time as it is ratified. Ratification is expected to be completed by October 23. TELUS will, within 72 hours of a positive ratification outcome, begin the process of bringing all team members back to work as expeditiously as possible. This news release contains forward-looking statements. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events. About TELUS TELUS (TSX: T, T.NV; NYSE: TU) is the largest telecommunications company in Western Canada and the second largest in the country, with $7.9 billion of annual revenue, 4.7 million network access lines and 4.1 million wireless customers. The company provides customers with a full range of telecommunications products and services including data, voice and wireless services across Canada, utilizing next generation Internet-based technologies. For more information about TELUS, please visit www.telus.com.
For further information: please contact: Media, Nick Culo, (780) 914-7115, nick.culo@telus.com; Investors, John Wheeler, (780) 493-7310, ir@telus.com; TWU, Bruce Bell, (604) 342-2925, (604) 437-8601
Source: NewsWire
All trademarks and copyrighted information contained herein are the property of their respective owners.
Related Internet Articles
|
 | Unlimited Domain Hosting Only $10 a Month Founded in 2002, Hostgator.com, LLC has quickly grown from its humble beginnings in Boca Raton, Florida into one of the most respected names in the web hosting industry. Renowned for exceptional customer support and unrivaled in terms of customer satisfaction, Host Gator is poised to take the lead in the highly competitive and densely populated world of web hosting providers.
For more information!
Click Here |
|
|
 | Got Root?! 1&1 Dedicated Servers starting at $99 mo. We guarantee the highest product quality, top security, and unshakeable reliability. 1&1’s advanced Data Centers have been built from the ground up using the most advanced technology available, giving our global network a strength that is beyond doubt. The power and stability of 1&1’s systems allows us to be first to market with web products that are innovative yet dependable.
For more information!
Click Here |
|
|
 | Get a full dedicated server starting at just $29.95! ServerPronto is a dedicated hosting subsidiary of Infolink, one of a few profitable Data Center Corporations in the world. From it's beginning in January 1999, Infolink served the "Value Orientated" segment of the Internet market. Not by offering a sub-standard product at a low price, but by offering a top-quality, feature rich product at an incredible price. Since the beginning Infolink has enjoyed dramatic growth while other's in the industry have suffered. We operate our own network in the USA and maintain redundant Fiber Optic Rings which allow us to directly peer with Tier 1 Internet Backbones.
For more information!
Click Here |
|
|
|
|