TELUS and TWU reach agreement in principle
TWU recommending acceptance to members in forthcoming ratification vote
Vancouver, B.C. – TELUS and the Telecommunications Workers Union (TWU) have agreed to the terms of a tentative collective agreement, covering approximately 12,100 TELUS employees nationally.
The TWU has confirmed that it will present the tentative agreement to its membership in the coming weeks and recommend their members vote in favour of it.
TELUS and the TWU have agreed to not release further details of the agreement pending finalization of contract language, which is expected to be completed later this week.
“We are pleased with the successful talks we have had in partnership with the TWU. The process of negotiations has been constructive and conducted in a professional manner.” said Darren Entwistle, President and CEO of TELUS. “We believe this is a progressive agreement that effectively balances the needs of our customers, our team members and our investors.”
“We are optimistic our frontline team members will agree and will vote in favour of the contract,” Mr. Entwistle added. “A ratified agreement will enable our team to focus on the continued execution of our strategy, including answering the challenges our industry’s highly competitive market presents.”
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications company in Canada, with $9.8 billion of annual revenue and 12.3 million customer connections including 7 million wireless subscribers, 3.7 million wireline network access lines and 1.2 million Internet subscribers and more than 300,000 TELUS TV customers. Led since 2000 by President and CEO, Darren Entwistle, TELUS provides a wide range of communications products and services including data, Internet protocol (IP), voice, entertainment and video.
In support of our philosophy to give where we live, TELUS, our team members and retirees will, by year-end 2011, have contributed $245 million to charitable and not-for-profit organizations and volunteered 4.1 million hours of service to local communities since 2000. Ten TELUS Community Boards across Canada lead TELUS’ local philanthropic initiatives. TELUS was honoured to be named the most outstanding philanthropic corporation globally for 2010 by the Association of Fundraising Professionals, becoming the first Canadian company to receive this prestigious international recognition.
For more information about TELUS, please visit telus.com.
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