Lucent Reaches Agreement with Unions

Lucent Technologies reached national and local agreements with the Communications Workers of America and the International Brotherhood of Electrical Workers (IBEW) on 20-month contracts. Under the separate agreements, there will be a general wage increase of 2% on June 1 and an additional increase of 2% on May 30, 2004. Changes in healthcare benefits include increases in co-payments, deductibles and out-of-pocket expenses, and modest improvements in certain dental benefits.
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