FairPoint
Communications has announced that it has declared impasse in its negotiations
with the International Brotherhood of Electrical Workers (IBEW) after contract
negotiations between the parties failed to produce an agreement. Accordingly, FairPoint will now begin
unilaterally implementing the terms of its most recent contract offer to the
union.
FairPoint
will begin moving its current employees from a defined pension plan into a new
401K plan, which is already offered to management officials at the
company. The company is also planning to
eliminate retiree medical benefits and change its employees’ health benefits
plan.
For its
part, the union is angry. Union members
have authorized a strike action, although it remains to be seen whether
employees will walk off the job.
Source: Labor
Relations Today
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