FairPoint, unions reach tentative agreement

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FairPoint Communications and unions representing nearly 3,000 employees in northern New England have reached a tentative agreement on a contract as FairPoint prepares to submit its bankruptcy reorganization plan.

FairPoint was seeking $30 million in concessions from the International Brotherhood of Electrical Workers and the Communications Workers of America.

Details of the contract have not been released, but the unions said Tuesday the agreement calls for restructured compensation packages, a one-year contract extension and increased cooperation between labor and management.

The North Carolina-based company filed for bankruptcy Oct. 26, but has suffered under heavy debt and technical problems after paying $2.3 billion for Verizon Communications’ land line and Internet operations in Maine, New Hampshire and Vermont in 2008.

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