CBS AND IBEW REACH TENTATIVE CONTRACT AGREEMENT
Published on: 07/05/2011 | All 2011 Press Releases
CBS and the International Brotherhood of Electrical Workers announced they have reached a tentative agreement on a contract covering 2,800 technicians. Once ratified by the affected workforce, the contract will be effective through January 31, 2015.
The current collective bargaining agreement was scheduled to expire on January 31, 2012. In 2010, the parties extended the current agreement and committed to reach a new, long-term one by July 31, 2011.
IBEW International President Ed Hill stated, "We are pleased to conclude this agreement ahead of schedule. The contract lays the foundation for continued cooperation between CBS and the IBEW as we confront the constantly changing world of media and explore new opportunities together."
Leslie Moonves, President and Chief Executive Officer, CBS Corporation said, "This new early agreement demonstrates the strength of the working relationship between CBS and the IBEW and reaffirms CBS's commitment to the IBEW's highly skilled workforce."
Major provisions of the new, long-term contract include pay increases of 2.5 percent that will take effect on July 31, 2011, February 3, 2013, and February 2, 2014. The parties agreed to greater flexibility in some working conditions such as jurisdiction and will explore labor-management partnership opportunities. Health care, usually a contentious issue in labor negotiations, was not a significant factor, as the employees will continue to be covered under the CBS Healthcare Plan or the Entertainment Industry's' Flex Care Plan.
The contract will be sent to IBEW members for ratification within the next few weeks. The process is expected to be completed by July 29, 2011.
The IBEW represents CBS workers in New York, Chicago, Los Angeles, Washington, D.C., St. Louis, San Francisco, Dallas, Miami and Atlanta, in addition to supplying a skilled workforce for all events televised on CBS Sports and CBS News.
Founded in 1891, the International Brotherhood of Electrical Workers represents approximately 725,000 members primarily in the United States and Canada who work in a wide variety of fields, including construction, utilities, telecommunications, broadcasting, manufacturing, railroads and government.
About CBS Corporation
CBS Corporation is a mass media company with constituent parts that reach back to the beginnings of the broadcast industry, as well as newer businesses that operate on the leading edge of the media industry. The Company, through its many and varied operations, combines broad reach with well-positioned local businesses, all of which provide it with an extensive distribution network by which it serves audiences and advertisers in all 50 states and key international markets. It has operations in virtually every field of media and entertainment, including broadcast television (CBS and The CW – a joint venture between CBS Corporation and Warner Bros. Entertainment), cable television (Showtime Networks, Smithsonian Networks and CBS College Sports Network), local television (CBS Television Stations), television production and syndication (CBS Television Studios, CBS Studios International and CBS Television Distribution), radio (CBS Radio), advertising on out-of-home media (CBS Outdoor), publishing (Simon & Schuster), interactive media (CBS Interactive), music (CBS Records), licensing and merchandising (CBS Consumer Products), video/DVD (CBS Home Entertainment), motion pictures (CBS Films) and sustainable media (EcoMedia). For more information, please visit www.cbscorporation.com.
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