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Credit Pacific Service Union by Dave Porter Senior Staff Reporter

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Credit First Service Union Sounding more like the California grocers in the days leading up to that strike, SBC Communications is pleading poverty in wanting Communications Workers of America union members to pay part of their health care benefits.

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Credit Public Service Union April 4, 2004 (AXcess News) Reno NV - Sounding more like the California grocers in the days leading up to that strike, SBC Communications (NYSE: SBC) is pleading poverty in wanting Communications Workers of America (CWA) union members to pay part of their health care benefits.

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Card Credit Processing Service Barbara Welling, CWA local 9413 President in Reno Nevada said, "SBC wants to shift the monthly cost of health care premiums to our employees, and retirees."While health care costs are a major concern to industry, since the California Grocers strike, corporate eyes have been paying close attention to those issues and how they're being handled. But few have attempted to include retirees. Even Safeway (NYSE: SWY) and Kroger (NYSE: KR) did not include retired workers.

Center Credit Service Union According to Welling SBC spends $7,000 per employee annually on health care premiums in a self-insured plan that's currently administered by United Health Care. The CWA itself has no say in negotiating the health benefit plan offered employees, nor in selecting its administrator, even though the plan itself is a self-insurer policy.

Card Credit Service Wireless The company claimed that health care costs were $3 billion dollars in 2003, which would put SBC's cost-per-employee at $17,500, three times the amount the CWA claims is paid for benefits.

Credit Security Service Union "Over the past ten years we've taken less wage increases and those extra monies were supposed to go into the monthly premiums of our health care, besides our paying higher co-pay, higher prescription costs." Wellings said. "So we've paid our premiums by taking less wages."The Company's proposal would cost workers more than $200 a month.

Credit Report Service SBC has always been a self insurer as well as underwriting its own workers compensation program.Thursday, CWA members picketed SBC at its Vassar street offices in Reno. Contract negotiations were set to expire Thursday at midnight but CWA Local 9413 agreed to a 30 day extension.

Blogspot Com Christian In San Antonio, SBC and CWA negotiators have not been able to complete negotiations and the two sides are said to be far apart on the key issues of health benefits, and the company's ability to 'outsource' jobs to foreign countries.

Christian Counseling Credit Of the 175,000 SBC employee pool, the Communications Workers of America union members comprise over 102,000 of that number and if they cannot negotiate a new contract a strike could cripple the company.According to SBC Communications, in 2002 to 2003 revenue dropped $11 billion dollars due to shrinking landline residential business. But in the last year the company has become aggressive, expanding its broadband services and entering satellite television, Internet systems, and wireless fidelity, and is part owner of Cingular Wireless, the nation's largest cell phone company. When SBC entered the lucrative long distance market it was aided by grass roots lobbying efforts from its union members with local politicians. Now that SBC has been approved for long distance service, union members have grown concerned about whether the company will move jobs to a central location. Local 9413 wants assurances that members jobs are not eliminated in Nevada through any consolidation of those services.

Credit Federal Service Union The SBC/CWA contract is the largest labor agreement in the United States being negotiated this year. In Nevada, CWA Local 9413 has 678 members, 600 of which are SBC employees.

Credit Monitoring Service The national union and SBC have agreed to continue negotiating in San Antonio with the help of a federal mediator past the Saturday night deadline.CWA President Morton Bahr has warned he may issue a 30-day strike notice in April if talks fail to progress.On March 10, SBC Chairman, Edward Whitacre sold 303,580 shares for $24.34, netting $7,389,137 in that sale. On February 27 Whitacre bought 235,348 shares for $24.01, at a cost of $5,650,705. Following Whitacre in sales on March 10 were two executive vice presidents, James Kahan, who sold 25,000 for $24.34, netting $608,500 in that sale, and, Karen Jennings, who sold 7,500 shares for $24.34, netting her $182,550 in that sale.Shares of SBC closed Friday at $24.87, up $0.14 or 0.57%, on volume of 8,220,200 shares. The 90-day average daily volume was reported to be 10,673,318 shares. The 52-week hi/lo was reported to be $19.65 to $27.73.AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.

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