ACS, IBEW Reach Early Tentative Agreement in Contract Negotiations.ANCHORAGE, Alaska -- Alaska Communications Systems This article is about the current telecommunications company. For the historical "Alaska Communications System", see AT&T Alascom. Alaska Communications Systems, (or ACS) is a telecommunications corporation, headquartered in Anchorage, Alaska. Group, Inc. ("ACS (Asynchronous Communications Server) See network access server. ") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALSK), Alaska's leading integrated communications provider, today announced it reached a tentative three-year agreement with the International Brotherhood of Electrical Workers The International Brotherhood of Electrical Workers (IBEW) is a labor union which represents workers in the electrical industry in the United States and Canada, particularly electricians, or Inside Wiremen, in the construction industry and linemen and other employees of public Local Union 1547 (IBEW IBEW n abbr (US) (= International Brotherhood of Electrical Workers) → sindicato internacional de electricistas IBEW n abbr (US) (= International Brotherhood of Electrical Workers ) covering more than 700 represented ACS employees across Alaska. The agreement must be ratified by the membership to become effective. Liane Pelletier, ACS president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , praised both the union and company negotiating teams for their work in reaching a tentative agreement months ahead of the December 31, 2009 expiration date of the current contract. The agreement, which covers all of ACS' represented employees, is expected to be submitted to the union's membership for a ratification vote in September. If ratified, the new three-year term would commence on January 1, 2010. About Alaska Communications Systems Headquartered in Anchorage, ACS is Alaska's leading provider of broadband and other wireline and wireless solutions to Enterprise and mass market customers. The ACS wireline operations include the state's most advanced data networks and the only diverse undersea fiber optic system connecting Alaska to the contiguous United States. The ACS wireless operations include a statewide 3G CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. network, reaching across Alaska from the North Slope to Ketchikan, with coverage extended via best-in-class CDMA carriers in the Lower 49 and Canada. By investing in the fastest-growing market segments and attracting the highest-quality customers, ACS seeks to drive top and bottom-line growth, while continually improving customer experience and cost structure through process improvement. More information can be found on the company's website at www.acsalaska.com or at its investor site at www.alsk.com. Forward-Looking Statements This press release contains "forward-looking statements" as defined under U.S. securities laws. Forward-looking statements are statements that are not historical fact and are based on management's beliefs as well as on a number of assumptions concerning future events made using information currently available to management. Readers are cautioned not to put undue reliance on forward-looking statements, which are not a guarantee of any result, including any outcome of any vote related to or ratification of the tentative collective bargaining agreement The contractual agreement between an employer and a Labor Union that governs wages, hours, and working conditions for employees and which can be enforced against both the employer and the union for failure to comply with its terms. . Actual results depend on risks, uncertainties and other factors, many of which are outside ACS' control. For further information regarding risks and uncertainties associated with ACS' business as well as its collective bargaining processes, please refer to the ACS' SEC filings, which are available at www.alsk.com. |
|
|||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion