-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FEvvddUBVTkO03o89vwyViWYRj6Ok2Q/93aj1GmZXi0bYq3SNvEakwQa3QVfGJwd n6kpDxlf70+aMVRrEG4oiQ== 0000015615-98-000003.txt : 19980203 0000015615-98-000003.hdr.sgml : 19980203 ACCESSION NUMBER: 0000015615-98-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980126 ITEM INFORMATION: FILED AS OF DATE: 19980202 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASTEC INC CENTRAL INDEX KEY: 0000015615 STANDARD INDUSTRIAL CLASSIFICATION: WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION [1623] IRS NUMBER: 591259279 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-08106 FILM NUMBER: 98518851 BUSINESS ADDRESS: STREET 1: 3155 N W 77TH AVE CITY: MIAMI STATE: FL ZIP: 33122 BUSINESS PHONE: 3055991800 MAIL ADDRESS: STREET 1: 3155 NW 77TH AVENUE STREET 2: SUITE 115 CITY: MIAMI STATE: FL ZIP: 33122-1205 FORMER COMPANY: FORMER CONFORMED NAME: BURNUP & SIMS INC DATE OF NAME CHANGE: 19920703 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 14 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported) January 26, 1998 MASTEC, INC. --------------------------------------------- (Exact Name of Registrant as Specified in Charter) Delaware 0-3797 59-1259279 - ----------------------------------------------------------------------------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 3155 N.W. 77th Avenue, Miami, Florida 33122-1205 - ----------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (305) 599-1800 N/A ------------------------------------------------------------ (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events On January 26, 1998, MasTec, Inc. announced that it had reached an agreement with the unions representing its Spanish workforce regarding the terms of a new collective bargaining agreement, subject to ratification and final documentation. The agreement contemplates reductions in administrative positions, reductions in certain non-wage compensation and increases in productivity benchmarks. The agreement also contemplates an increase in base wage rates for remaining union workers. The Company has issued a press releases announcing the foregoing event, copies of which are attached as exhibit 99.1 which is incorporated herein by reference. Item 7. Financial Statements and Exhibits. (c) 99.1 Press release dated January 26, 1998. SIGNATURES Pursuant to the requirement of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: January 30, 1998. /s/ Edwin D. Johnson --------------------------- Edwin D. Johnson Senior Vice President- Chief Financial Officer (Principal Financial Officer and Authorized Officer) EX-99 2 EXHIBIT 99.1 NEWS For Immediate Release From MasTec, Inc. January 26, 1998 3155 N.W. 77th Avenue, Suite 135 Miami, Florida 33122-1205 Tel : (305) 599-1800 Fax : (305) 406-1908 For more information contact: Edwin D. Johnson, Chief Financial Officer ejohnson@mastec.com MASTEC, INC. ANNOUNCES LABOR AGREEMENT IN SPAIN MIAMI, FL - MasTec, Inc. (NYSE: MTZ) announced today that it has reached an agreement with the unions representing its Spanish workforce regarding the terms of a new collective bargaining agreement, subject to ratification and final documentation. The agreement contemplates reductions in administrative positions, reductions in certain non-wage compensation and increases in productivity benchmarks. The agreement also contemplates an increase in base wage rates for remaining union workers. The agreement culminates several months of negotiations with the labor unions. Disagreement with the unions over contract renewal terms pre-date MasTec's acquisition of Sintel from Telefonica and escalated when the Company filed an application with Spanish labor authorities in September 1997 to substantially restructure the workforce. Sintel suspended its application in November and entered into mediation with the unions led by Sintel's new chief executive officer, Juan Antonio Casanova. Jorge Mas, Chairman and Chief Executive Officer, said: "We are satisfied to announce that we have come to a mutually acceptable agreement to resolve our labor impasse in Spain. We believe the new agreement will allow us to aggressively pursue the expanding Spanish telecommunications infrastructure market to the benefit of both the Company and its employees." Opening the Lines of Communication(R) worldwide, MasTec is one of the world's leading telecommunications and related infrastructure service providers, serving clients throughout the United States, Latin America and Spain. ### -----END PRIVACY-ENHANCED MESSAGE-----