AT&T to give 200,000 employees 1K bonus and invest 1Billion due to tax reform.

For those that say tax reform will do nothing for the economy or middle class and only benefits the rich, well AT&T is proving you wrong before the bill is even signed.

The telecom giant said in a press release on Wednesday that it would give more than 200,000 U.S. union members a special bonus of $1,000. The company also increased its capital expenditures budget by $1 billion in the U.S.
AT&T's CEO said it was in response to tax reform.

Good on AT&T. I hope many more companies follow their lead.

CNBC

a reply to: FauxMulder


Damn you beat me to it....darn republicans and there fantasy world tax plan!

Dems, I can not believe it, tax bill has already started hurting Americans, those poor 200,000 workers!

MakingAGA

Tax cuts work !!

a reply to: FauxMulder

Only union members? What about the folks who don't pay to be employed?

I get what AT&T is doing, and its not a bad thing. I just can't stand unions, and would like to see them reward all their employees.

a reply to: FauxMulder

The Narrative™!!! OMG, someone shield the Narrative™!

LOL! 2018 is going to be a magical year.

You mean AT&T has that many US employees? Who woulda thunk? Everytime I call I swear it's always Apu.

originally posted by: bigfatfurrytexan
a reply to: FauxMulder

Only union members? What about the folks who don't pay to be employed?

I get what AT&T is doing, and its not a bad thing. I just can't stand unions, and would like to see them reward all their employees.

I believe everyone who doesn't work on the sales floor for AT&T is unionized. Sales floor employees receive commissions, which wouldn't pay out bonuses directly impacted by this tax break anyway. This bonus will go directly to 85%+ of AT&T's employees.

a reply to: bigfatfurrytexan

Well, where I work you're either union or management and management gets bonuses every year. Maybe it's a similar situation there where the non union already get a bonus?

a reply to: burdman30ott6

Im thinking call center employees. I've not been in that industry for awhile, but when I was AT&T was one of our clients. We ran 3 sites for them. None of our folks were union at the time, and neither were theirs. This was right after they bought out Cingular.

a reply to: bigfatfurrytexan

I think that's outsourced, which would put the responsibility of bonuses on the management/ownership of the contract company to negotiate with AT&T in their contract, then decide on bonuses for their own employees.

I could be wrong on that. Contract employment economics has changed a lot the past 15 years since my management and economics coursework.

a reply to: FauxMulder

Ah. Pay to play. Hillary would have done this too.

“On the other hand, AT&T stands to be a potential beneficiary of another recent move by the Trump administration: the repeal of net neutrality regulation. The new regulatory landscape will afford AT&T more flexibility to control the pricing and speed of content for their internet customers, although AT&T has said it will not make big changes to the way internet services are delivered.”

a reply to: bigfatfurrytexan

Most AT&T employees are union and have been . The only exception is the great number of off-shore and contractor help

a reply to: burdman30ott6

No, you are correct.

It was always a little windfall for us when the clients included our folks in their contests. T-Mobile was the best client to work with in that regard. They have always been very employee centric.

originally posted by: FauxMulder
For those that say tax reform will do nothing for the economy or middle class and only benefits the rich, well AT&T is proving you wrong before the bill is even signed.

The telecom giant said in a press release on Wednesday that it would give more than 200,000 U.S. union members a special bonus of $1,000. The company also increased its capital expenditures budget by $1 billion in the U.S.
AT&T's CEO said it was in response to tax reform.

Good on AT&T. I hope many more companies follow their lead.

CNBC

Considering a lot of the union maangement didn't support Trump, maybe they should forfeit their $1000 bonus...

To be honest, this is the last company I expected to do anything like this.

Wonder if they'll go down on their phone and internet bills, now.

originally posted by: StallionDuck
To be honest, this is the last company I expected to do anything like this.

Wonder if they'll go down on their phone and internet bills, now.

Hah!

if anything they'll increase the average persons bill 10% and make this back ten fold in the first year!

Evil corporations.

a reply to: bigfatfurrytexan

reaking911‏Verified account @Breaking911 5m5 minutes ago More JUST IN: Fifth Third Bancorp announces plan “to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees” following passage of tax bill - CNBC

Here's another company giving bonuses. I hope the company i work for gives us a bonus, but i know it's wishful thinking. Lucky people, getting an actual early xmas bonus with this tax cut.

a reply to: EchoesInTime

Obama triggered a yuge $100 bonus 8 years ago. Liquor store sales exploded.

a reply to: FauxMulder

I don't understand why anyone has a problem with rich people benefiting from this anyways. If I'm getting $900 more per year because of this, and the multimillionaire in the next town is getting $51,000 more per year, that $900 will help me more in my current budget and be worth more to me than that $51K is to the multimillionaire's lifestyle. Who cares if he gets more money now. It's his money that he owes to nobody.

a reply to: bigfatfurrytexan

Who knows... AT&T employs 246,740 people, you'd think they would include the other 46.7K but oh well, at least they know a good deal when they see it.