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TELUS and Telecommunications Workers Union reach tentative agreement14 October 2005
TELUS and the Telecommunications Workers Union (TWU) have reached a memorandum of settlement related to the work stoppage at TELUS which began on July 21. The memorandum contains the terms of the five-year collective agreement that will now be submitted to TWU members for ratification. The TWU is recommending its members accept the agreement.
Subject to ratification, this memorandum of settlement concludes the five year process of merging six separate collective agreements into one. The tentative contract covers a national bargaining unit of approximately 14,000
employees, predominantly located in British Columbia and Alberta. It provides TELUS and its team members the flexibility to compete on a level playing field and maintain TELUS' Canadian telecom leadership position in data, Internet Protocol, and wireless. TELUS and the TWU believe this tentative agreement represents a collective and constructive way forward. "I am grateful that, together, we were able to negotiate an agreement that benefits TELUS, our team members, our customers and our investors. It is my hope and desire that this marks the beginning of a positive and cooperative relationship," said Darren Entwistle, President and CEO of TELUS Corporation. "Reaching an agreement has been a long and complex process, but I am convinced the outcome will help enshrine the future success of TELUS and our team. We now have a significant opportunity to move forward with an agreement that recognizes our team members' tremendous contributions and provides TELUS with the flexibility needed to continue our leadership position in a highly competitive market."
"We are pleased that we have been able to reach a negotiated tentative agreement that we feel is good for our members. Their support has allowed us to work hard on their behalf throughout this difficult period," said Bruce
Bell, President of the TWU. "We are recommending ratification to our members and will be conducting a ratification vote which is expected to be completed by October 23. I believe ratification will allow the TWU, its members and
TELUS to focus on our collective future. Our goal is to conduct the ratification process that shares information on the elements of our agreement with our members to support its acceptance and ultimately have our members
back at work as soon as possible."
In order to respect the ratification process and allow the TWU to communicate the details of the offer to its members, TELUS will not be providing further information related to the memorandum of settlement until such time as it is ratified.
Ratification is expected to be completed by October 23. TELUS will, within 72 hours of a positive ratification outcome, begin the process of bringing all team members back to work as expeditiously as possible.
This news release contains forward-looking statements. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events.
About TELUS TELUS (TSX: T, T.NV; NYSE: TU) is the largest telecommunications company in Western Canada and the second largest in the country, with $7.9 billion of annual revenue, 4.7 million network access lines
and 4.1 million wireless customers. The company provides customers with a full range of telecommunications products and services including data, voice and wireless services across Canada, utilizing next generation Internet-based technologies. For more information about TELUS, please visit www.telus.com.
For further information: please contact: Media, Nick Culo,
(780) 914-7115, nick.culo@telus.com; Investors, John Wheeler,
(780) 493-7310, ir@telus.com; TWU, Bruce Bell, (604) 342-2925,
(604) 437-8601
Source: NewsWire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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