CWA Urges AT&T to Reject Elliott Cost-Cutting Proposals

Communications Workers of America urged AT&T to reject Monday's investor proposal (see 1909090020). CWA said Elliott Management's plan could eliminate jobs. Instead, the union wants AT&T to invest in its core business to develop broadband, video and wireless services "and invest in its workforce through improved training and retention." AT&T declined to comment beyond its earlier statement. The investor didn't comment.