AT&T, Inc (NYSE: T) let five union contracts expire over this past weekend. With 80,000 of its U.S. workers now operating under no labor contract at all, the telecom giant is in the process of negotiating new terms before those workers are told to strike by their unions.
AT&T shares are now almost at the same level as three years ago (with a rise in '07 and '08), and investors are asking why workers are being treated like royalty. Are they?
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