Jan. 30 (Bloomberg) -- AT&T Inc., the biggest U.S. phone company, said employees in its landline unit in the Southwest region rejected a four-year labor agreement.
The employees, represented by the Communications Workers of America’s District 6, are under a contract that expires April 6, Dallas-based AT&T said in a statement. The new offer would have covered 20,000 employees in Arkansas, Kansas, Missouri, Oklahoma and Texas.
AT&T said it will keep working to reach an agreement. Workers represented by the CWA in AT&T’s Midwest and Southeast divisions and its corporate technology division agreed last year to three-year contracts, covering about 40,000 landline employees, the company said.
AT&T fell less than 1 percent to $34.61 at 3:46 p.m. in New York. The shares climbed 11 percent last year, compared with a 13 percent gain for the Standard & Poor’s 500 Index.
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