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News Breaks
August 20, 2014
15:31 EDTFTRFrontier Communications reaches new labor contract with IBEW
Frontier Communications and the International Brotherhood of Electrical Workers, AFL-CIO and its Local Unions 89 and 543 in California, Nevada, Oregon and Washington have reached a new collective bargaining Agreement through binding Interest Arbitration. The new Agreement covers approximately 1,000 employees, is effective immediately and expires in May 2017. The covered workforce includes technicians, call center consultants, and many other employees who support Frontierís operations locally and across the country. The Frontier and IBEW negotiating committees bargained intensively for more than 14 months to address priority issues for both, including improving the customer experience and operational efficiencies; addressing intense competition in the telecommunications industry during challenging economic times; maintaining a workforce focused on Frontierís core telecommunicationís activities; hiring and retaining the best employees; job security, and providing competitive wages and benefits. This new Agreement includes key provisions in which Frontier guarantees to continue to operate its Everett, Washington Contact Center and Fiber Assignment and Support Center for the duration of the new Agreement. These centers provide excellent customer service and quality employment opportunities in the region. This guarantee also reaffirms the value Frontier places in having a 100% U.S. - based workforce. Wage increases included in the Agreement are retroactive to May 26, 2013. The settlement also includes an innovative solution to offer high-quality health care while controlling ever-increasing health care costs with a joint IBEW-Employer sponsored Family Medical Care Plan.
News For FTR From The Last 14 Days
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September 19, 2014
14:05 EDTFTRFrontier Communications partners with William Raveis Real Estate
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September 16, 2014
07:27 EDTFTRBofA/Merrill to hold a conference
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September 15, 2014
11:06 EDTFTROptions with increasing implied volatility
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September 11, 2014
11:29 EDTFTROptions with increasing implied volatility
Options with increasing implied volatility: VNET AVNR GPRO RAX FTR JDSU PSEC APD SYY GGP
September 10, 2014
10:01 EDTFTRFrontier Communications CFO sees CapEx within guidance for FY
Says plans to put $3B into network over next four years. Says adding headcount for Frontier Secure over next few quarters. Comments made at the Goldman Sachs Communacopia Conference.
September 9, 2014
12:02 EDTFTROptions with decreasing implied volatility
Options with decreasing implied volatility: KERX CIEN FNSR PAY BKS PVH NAV BYI FTR JOY

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