RENEE MONTAGNE, HOST:
NPR's business news starts with labor woes at AT&T.
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MONTAGNE: AT&T and union officials have agreed to extend contract negotiations, preventing a mass walkout by some 40,000 unionized workers. The deadline to agree on the new contract had been yesterday. AT&T is seeking concessions from its workers, including cuts in pension contributions, and also an increase in health care premiums. The union is calling those concessions unrealistic.
AT&T has seen revenues go down in its traditional home and business landline divisions which have suffered as more people switched to mobile devices. Transcript provided by NPR, Copyright NPR.