BASKING RIDGE, N.J. (AP) _ AT&T offered to extend its current contracts with the Communications Workers of America and the International Brotherhood of Electrical Workers, the company announced Thursday.
The contracts are due to expire on May 11. The offer, which includes wage and pension increases, would extend the agreements until November 2003.
AT&T said it is making the offer to give its employees greater stability in wages and benefits until the economy improves.
The proposal includes a 6 percent wage increase over 18 months and an 8 percent pension increase for employees retiring between now and the end of the extension.
The CWA represents 27,000 AT&T employees and the IBEW represents about 900.