AT&T Inc. Staves Off a Walkout; Talks Go On

By Greg Bensinger, The Wall Street Journal

AT&T Inc. T -1.04% agreed to extend talks with union officials representing about 40,000 workers after the two sides failed to come to terms on a new contract before a deadline early Sunday.

AT&T avoided a walkout by Communications Workers of America employees in the Northeast, Midwest and West, who last week authorized union leadership to call a strike if an accord couldn’t be reached. While talks continue, union employees will continue to report to work under the terms of their previous contract, the CWA said.

“Both sides are still far apart,” the CWA told members Saturday in a posting on a union website. “The pace of progress is slow and frustrating.”

http://online.wsj.com/article/SB10001424052702303447804577330763290374888.html

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