|By Business Wire||
|August 7, 2014 07:07 AM EDT||
Cincinnati Bell Inc. (NYSE:CBB) announced today that Cincinnati Bell Telephone Company LLC and the Communications Workers of America (CWA) have reached a tentative agreement on a new 27-month labor contract.
The negotiated agreement, which extends through November 12, 2016, replaces the current three-year agreement that expires at 11:59 p.m. on Saturday, August 9, 2014.
“We are pleased to reach agreement on a new labor contract with the CWA,” said Ted Torbeck, president and chief executive officer of Cincinnati Bell. “We believe the new agreement reflects the best interests of our customers, employees, and shareholders.”
The new contract provides for compensation increases and enhancement of 401(k) benefits.
Commenting on the tentative agreement, Linda Hinton, vice president of CWA District 4, said “I am pleased that we were able to reach a tentative agreement with Cincinnati Bell Telephone.”
A detailed summary of the new agreement will be sent to each employee and details will be posted on the CWA’s website in the coming days.
CWA members of Local 4400 will vote on ratification of this agreement. The ratification vote is expected sometime in September and will be by mail ballot. The CWA represents approximately 850 employees of Cincinnati Bell Telephone.
About Cincinnati Bell Inc.
With headquarters in Cincinnati, Ohio, Cincinnati Bell (NYSE: CBB) provides integrated communications solutions - including local and long distance voice, data, high-speed internet, video and wireless services - that keep residential and business customers in Greater Cincinnati and Dayton connected with each other and with the world. In addition, enterprise customers across the United States rely on CBTS, a wholly-owned subsidiary, for efficient, scalable office communications systems and end-to-end IT solutions. Cincinnati Bell owns approximately 44% of CyrusOne (NASDAQ: CONE), which provides best-in-class data center colocation services to enterprise customers through its facilities with fully redundant power and cooling solutions that are currently located in the Midwest, Texas, Arizona, London and Singapore. For more information, please visit www.cincinnatibell.com.
Safe Harbor Note
This release and the documents incorporated by reference herein contain forward-looking statements regarding future events and our future results that are subject to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are statements that could be deemed forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management. Words such as “expects,” “anticipates,” “predicts,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “endeavors,” “strives,” “may,” variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, any statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned these forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause our actual results to differ materially and adversely from those reflected in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in this release and those discussed in other documents we file with the Securities and Exchange Commission (SEC). More information on potential risks and uncertainties is available in our recent filings with the SEC, including Cincinnati Bell's Form 10-K report, Form 10-Q reports and Form 8-K reports. Actual results may differ materially and adversely from those expressed in any forward-looking statements. We undertake no obligation to revise or update any forward-looking statements for any reason.
Sep. 30, 2016 08:00 AM EDT
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Sep. 30, 2016 08:00 AM EDT Reads: 4,218
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, will discuss recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model f...
Sep. 30, 2016 08:00 AM EDT Reads: 2,149
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
Sep. 30, 2016 08:00 AM EDT Reads: 2,818
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Sep. 30, 2016 08:00 AM EDT Reads: 558
Sep. 30, 2016 07:30 AM EDT
Sep. 30, 2016 07:15 AM EDT Reads: 2,241
Sep. 30, 2016 07:15 AM EDT Reads: 3,269
Sep. 30, 2016 07:00 AM EDT Reads: 3,465
Sep. 30, 2016 07:00 AM EDT Reads: 2,338
Sep. 30, 2016 07:00 AM EDT Reads: 1,507
Sep. 30, 2016 06:15 AM EDT Reads: 1,129
Sep. 30, 2016 06:00 AM EDT Reads: 1,262
Sep. 30, 2016 06:00 AM EDT Reads: 2,736
Sep. 30, 2016 05:30 AM EDT Reads: 1,284