-----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, OzKI4d0UUZAo0laqXwKF88Bg8SSI12VGuJukK+NW6xshf38D8MKDrxKHgRPxquUB d+z77rAe0E5nLMPOKSb3Ig== 0000015615-97-000022.txt : 19971006 0000015615-97-000022.hdr.sgml : 19971006 ACCESSION NUMBER: 0000015615-97-000022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971009 ITEM INFORMATION: FILED AS OF DATE: 19971003 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: 97690797 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 FOR PRESS RELEASE DATED SEPT. 26, 1997 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) September 3, 1997 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 September 26, 1997, the Company announced that the labor unions representing the workers of Sintel, S.A., the company's Spanish subsidiary, have announced work stoppages at Sintel in response to Sintel's application to the Spanish labor authorities to restructure Sintel's work force. The unions announced that the workers will not work two half days per week until a labor agreement is reached. The Company expects Spanish labor authorities to respond to the application in mid to late October. The company has issued a press release announcing the foregoing event, a copy of which is attached as exhibit 99.1 which is incorporated herein by reference. Item 7. Financial Statements and Exhibits. (c) 99.1 Press release dated September 26,1997. 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: October 3, 1997. /s/ Edwin D. Johnson --------------------------- Edwin D. Johnson Senior Vice President- Chief Financial Officer (Principal Financial Officer and Authorized Officer) EX-99.1 2 PRESS RELEASE DATED SEPTEMBER 26, 1997 EXHIBIT 99.1 NEWS For Immediate Release From MasTec, Inc. September 26, 1997 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 UNION RESPONSE TO MASTEC'S LABOR PETITION MIAMI, FL - MasTec, Inc. (NYSE: MTZ) announced today that the labor unions representing the workers of Sintel, S.A., the company's Spanish subsidiary, have announced work stoppages at Sintel in response to Sintel's application to the Spanish labor authorities to restructure Sintel's work force. The unions have announced that workers will not work two half days per week until a labor agreement is reached. The Company expects Spanish labor authorities to respond to the application in mid to late October. Jorge Mas, President and Chief Executive Officer of MasTec, said: "The temporary disruption at Sintel is a necessary and expected part of the process in our attempt to reduce Sintel's cost structure for outside plant services. Our objective is to correct the imbalanced cost structure at Sintel and bring the outside plant labor productivity in line with that experienced through the use of independent contractors." Independent contractors currently account for approximately 55% of Sintel's outside plant services revenue. On September 3, the Company announced that it had filed a petition with Spanish labor authorities to approve a restructuring of Sintel's work force which would result in approximately 1,400 of Sintel's workers being removed from payroll and approximately 1,200 being rehired at lower cost either as independent contractors or as employees of other non-union affiliates. 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-----