CINCINNATI -- (BUSINESS WIRE) -- Cincinnati Bell Inc. (NYSE:CBB) announced today that Cincinnati Bell Telephone Company LLC and the Communications Workers of America (CWA) have reached a tentative agreement on a new 27-month labor contract.
The negotiated agreement, which extends through November 12, 2016, replaces the current three-year agreement that expires at 11:59 p.m. on Saturday, August 9, 2014.
“We are pleased to reach agreement on a new labor contract with the CWA,” said Ted Torbeck, president and chief executive officer of Cincinnati Bell. “We believe the new agreement reflects the best interests of our customers, employees, and shareholders.”
The new contract provides for compensation increases and enhancement of 401(k) benefits.
Commenting on the tentative agreement, Linda Hinton, vice president of CWA District 4, said “I am pleased that we were able to reach a tentative agreement with Cincinnati Bell Telephone.”
A detailed summary of the new agreement will be sent to each employee and details will be posted on the CWA’s website in the coming days.
CWA members of Local 4400 will vote on ratification of this agreement. The ratification vote is expected sometime in September and will be by mail ballot. The CWA represents approximately 850 employees of Cincinnati Bell Telephone.
About Cincinnati Bell Inc.
With headquarters in Cincinnati, Ohio, Cincinnati Bell (NYSE: CBB) provides integrated communications solutions - including local and long distance voice, data, high-speed internet, video and wireless services - that keep residential and business customers in Greater Cincinnati and Dayton connected with each other and with the world. In addition, enterprise customers across the United States rely on CBTS, a wholly-owned subsidiary, for efficient, scalable office communications systems and end-to-end IT solutions. Cincinnati Bell owns approximately 44% of CyrusOne (NASDAQ: CONE), which provides best-in-class data center colocation services to enterprise customers through its facilities with fully redundant power and cooling solutions that are currently located in the Midwest, Texas, Arizona, London and Singapore. For more information, please visit www.cincinnatibell.com.
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