AT&T union members gird for weekend strike

With less than three days left to hammer out a contract and avoid a strike, negotiations between AT&T and its union wireline employees don’t appear close to resolution, according to news reports, and about 110,000 employees are preparing to strike when their contract expires at midnight this Saturday.

With health care costs a particular sticking point, one union official told the press this week that negotiations were “not going well at all.”

In a research note published this morning, Morgan Keegan analyst Simon Leopold wrote, “We won’t go as far as predicting a strike [but] we have concluded that the risk feels higher than usual. Our checks indicate that AT&T’s non-union employees have received strike-duty assignments, as is typical in such situations, and training that sounds more extensive than in the past.”

However, both parties have indicated to the media that extending the current contract to let negotiations continue was still a possibility.

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