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SNET AND CUTW REACH CONTRACT SETTLEMENT

 SNET AND CUTW REACH CONTRACT SETTLEMENT
 NEW HAVEN, Conn., Aug. 10 /PRNewswire/ -- The Connecticut Union of


Telephone Workers (CUTW) and SNET (NYSE: SNG) reached a tentative agreement on a new, three-year labor contract Aug. 8, an unprecedented seven months before the current contract is due to expire. CUTW members will have until Aug. 24 to ratify the new contract.
 If ratified, the contract will provide bargaining unit employees with many improvements including increased wages, improved pensions, inflation protection, an innovative Cash Balance Account, enhanced medical benefits and additional family care initiatives. In addition the contract includes a unique early retirement incentive offer.
 Attributing early resolution of the contract to a successful mutual gains process, CUTW President George Carlson said, "This approach to bargaining brought many creative ideas to the table giving both sides more options to work with. As a result, we've been able to put together a truly progressive contract in record time which, if ratified, means employees can start enjoying the benefits of this new collective bargaining agreement months earlier than otherwise would have been possible."
 Jean LaVecchia, SNET vice president-human resources, also cited the mutual gains process as the key to successful negotiations. "We wrestled with difficult issues in a collaborative manner. The task forces, which were started early on, generated many thoughtful and varied options making it possible for us to put together a fair and balanced contract that meets both the company and employees' needs."
 She continued, "There are many challenges facing the company, most notably the lingering recession, competition and industry change. Together, we recognized the sooner we could conclude contract negotiations, the better, so that we could eliminate employee uncertainty enabling all of us to renew our focus and get going on areas of mutual concern -- areas such as satisfying customers' needs, streamlining the business as well as initiating and responding to changes in the workforce and workplace."
 Seizing the momentum from the mutual gains experience, SNET and the CUTW are forging a customer-focused alliance which seeks to maintain a strong and viable telecommunications business in Connecticut - a company that provides its employees with secure, satisfying jobs and good wages, benefits and working conditions. Both parties vow to work together to unite, develop and motivate employees to create a greater commitment to meeting customer needs, a prerequisite for the company's future success.
 A joint advisory board will be established to develop options and recommendations to most effectively implement this alliance.
 Contract talks began on March 20, 1992, a full year ahead of the contract expiration date of March 20, 1993. If ratified, the new contract will be effective from Aug. 8, 1992, to Aug. 5, 1995.
 -0- 8/10/92
 /CONTACT: William G. Seekamp, media relations of SNET, 203-771-2136/ (SNG) CO: Southern New England Telecommunications ST: Connecticut IN: TLS SU: CON


CH -- NE005 -- 8389 08/10/92 09:19 EDT
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Publication:PR Newswire
Date:Aug 10, 1992
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