AT&T announces agreement with union over healthcare costs for wireless workers

AT&T (NYSE:T) said it inked a deal with the Communications Workers of America to implement "modest" increases in the healthcare costs for roughly 40,000 AT&T wireless employees nationwide. Further, according to the Wall Street Journal, AT&T will likely have to conduct further negotiations with its unionized wireless employees over other topics including wages. The WSJ reported that wages, pensions and other issues for AT&T's wireless workers are covered by regional unions, and at least one major regional contract is set to expire next year. AT&T, which counts a total of almost 250,000 workers, recently inked a deal with the union covering its wireline workers over labor practices. AT&T is the only Tier 1 wireless carrier with a union covering its wireless employees. Release