It appears the Fairpoint strike is coming to an end. The company just announced it has reached an agreement with employees who have been on strike since October after the two sides reached an impasse during contract talks. The company says it has reached an agreement and the workers will return to their jobs next week of the employees sign off on the agreement. The following is a press release sent by Fairpoint.
FAIRPOINT, IBEW, AND CWA REACH TENTATIVE AGREEMENTS
February 19, 2015 - FairPoint Communications, Inc. (Nasdaq: FRP); System Council T-9 of the International Brotherhood of Electrical Workers (AFL-CIO) Locals 2320, 2326, and 2327; and the Communications Workers of America (AFL-CIO) Local 1400 are pleased to announce that today they have reached tentative agreements on the terms for new collective bargaining agreements.
The Company and the Unions agree that the terms of their new collective bargaining agreements will address, in meaningful and constructive ways, the objectives of the parties and that the new labor agreements will provide employees with wages and benefits that are among the best in northern New England. At the same time, the agreements permit the Company to achieve a much more competitive position in the marketplace.
Union members will vote on ratification of the tentative agreements as soon as possible. Effective with the signing of the tentative agreements, the parties agreed that striking employees will return to work on Wednesday, February 25, 2015.
Further comments will be withheld until the ratification vote is complete.