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US: GE reaches agreement with local unions

Author: Greg Ryan, Boston Business Journal , Published on: 15 August 2019

"GE's largest union OKs agreement, putting labor woes to rest", 14 August 2019 

The recent labor unrest at General Electric Co. came to an end on Tuesday when members of the IUE-CWA union — including workers at the GE plant in Lynn — voted to approve a labor agreement after rejecting an earlier version last month...

The agreement lasts until June 2023. An exact breakdown of the IUE-CWA vote was not available Tuesday night.

The vote ends what had been a turbulent summer for GE (NYSE: GE) on the labor front. Leaders from the Boston-based company's unions originally struck a tentative agreement with management in June, but members of some of the unions — including the IUE-CWA — later rejected the deal. Members in Lynn were told in July to “prepare for a strike,while another union, the International Association of Machinists and Aerospace Workers, or IAM, went so far as to schedule a strike for Aug. 12...

The revised IUE-CWA agreement features wage increases, including midyear cost-of-living adjustments, as well as pension improvements and the renewal of job-loss benefits...

"We appreciate working with the leadership of all our unions to produce a package that provides employees with increased wages and improved benefits that are among the very best in the industry, while continuing our company's return to a position of strength," Paul Lalli, head of labor negotiations for GE, said in a statement.

Approximately 1,250 of the IUE-CWA’s members work at the GE Aviation facility in Lynn. Adam Kaszynski, president of the Lynn IUE-CWA chapter, said Tuesday night that the membership's three top demands concerned wages, health care costs and cost-of-living adjustments.

"What the union was able to come back with addressed... those concerns," Kaszynski said of the revised agreement...

Read the full post here

Related companies: General Electric