The National Association of Broadcast Employees and Technicians has announced it has reached a tentative four year labor agreement with ABC, inc.
“I am pleased to announce that at the culmination of a marathon bargaining session conducted under my auspices, the parties have reached a comprehensive initial Memorandum of Agreement.” Federal Mediation and Conciliation Service Director George H. Cohen said in a statement. “The Agreement is subject to union ratification, but it represents a major step toward the successful completion of long and difficult negotiations.”
NABET-CWA said the new contract was reached after a fifteen hour mediation session and includes wage increases and improved retirement benefits. “The wage offer contains a total of 9% (up from 6.5%) in wage increases over the next four years (2.5%, 2.0%, 2.0%, and 2.5%) effective March 30, 2013.” Read more