Collective Agreements at Allstream Ratified by Canadian Auto Workers and United Steelworkers
20 December 2003 - 4:00AM
PR Newswire (US)
Collective Agreements at Allstream Ratified by Canadian Auto
Workers and United Steelworkers TORONTO, Dec. 19
/PRNewswire-FirstCall/ -- Allstream (TSX: ALR.A, ALR.B; NASDAQ:
ALLSA, ALLSB), a leading communication solutions provider with a
world- class portfolio of Connectivity, Infrastructure Management
and IT Services, today announced the ratification of its collective
agreements by both the Canadian Auto Workers (CAW) Local 2000 and
United Steelworkers (USWA) TC Local 1976. Both agreements are for a
term of three years, expiring on December 31, 2006 and will raise
wages for Allstream bargaining unit members by 2.5 per cent
starting January 1, 2004, followed by an increase of 2.5 per cent
on January 1, 2005 and 2.75 per cent on January 1, 2006. In
addition to the wage increases, the agreements will also improve
employee benefits, pension, vacation entitlement and added health
and safety provisions. The CAW agreement was ratified on December
15, 2003 by the 750 Allstream bargaining unit members located in
various cities across Canada. The USWA agreement was ratified on
December 12, 2003 by the 30 Allstream bargaining unit members also
located in cities across the country. "We are very pleased to have
both of these agreements ratified and believe they are in the best
interest of our employees, customers and shareholders," said John
MacDonald, President and Chief Operating Officer, Allstream.
"Allstream has always had a strong relationship with the unions
representing our employees and the terms of the new agreements
provide opportunities for employees and the Company to grow
together. We look forward to continuing to work together as we move
forward." About Allstream Allstream is a leading communication
solutions provider with a world- class portfolio of Connectivity,
Infrastructure Management and IT Services. Allstream collaborates
with customers to create tailored business solutions that meet
their unique needs and help them compete more effectively. Spanning
more than 18,800 kilometres, Allstream has an extensive broadband
fibre-optic network and the greatest reach of any competitive
carrier in Canada, and provides international connections through
strategic partnerships and interconnection agreements with other
international service providers. Allstream has approximately 4,000
employees and is a public company with its stock traded on the
Toronto Stock Exchange under the symbols ALR.A and ALR.B and the
NASDAQ National Market system under the symbols ALLSA and ALLSB.
Visit Allstream's website, http://www.allstream.com/ for more
information about the company. Note to Allstream Investors This
news release includes statements about expected future events
and/or financial results that are forward-looking in nature and
subject to risks and uncertainties. For those statements, we claim
the protection of the safe harbor for forward-looking statements
provisions contained in the United States Private Securities
Litigation Reform Act of 1995. The Company cautions that actual
performance will be affected by a number of factors, many of which
are beyond the Company's control, and that future events and
results may vary substantially from what the Company currently
foresees. Discussion of the various factors that may affect future
results is contained on page 1 of the Company's Annual Information
Form dated May 2, 2003, which is filed with the Securities and
Exchange Commission, the Ontario Securities Commission, and SEDAR.
DATASOURCE: Allstream Inc. CONTACT: Media: May Chong, Allstream,
(416) 345-2342, ; Investors and Analysts: Brock Robertson, (416)
345-3125, ; Dan Coombes, (416) 345-2326,
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