GE Union Members Vote ‘Yes’ on New Four-Year Contracts
June 30 2015 - 7:32PM
Business Wire
The members of GE’s two largest unions have voted to approve new
four-year national labor contracts with GE. Union officials
informed GE that voting by members of the IUE-CWA and the United
Electrical, Radio and Machine Workers of America (UE) was completed
today, and that the national agreements have been ratified.
GE Vice President Greg Capito said, "This ‘yes’ vote is good
news for GE, the unions, our employees and ultimately, our
customers. We are gratified that our represented employees have
solidly backed this contract that provides an excellent GE job
package, while helping the company to continue to succeed.”
Union leaders and GE reached tentative agreements on the labor
contracts on June 21st after three weeks of negotiations. The
unions' bargaining committees and Conference Boards then endorsed
the contracts, and the contracts were thereafter approved by
membership votes in IUE-CWA and UE locals.
Approximately 16,500 union-represented employees are covered by
the approved contracts. The IUE-CWA represents about 9,300 GE
employees and its labor agreement covers numerous GE locations
including Louisville, KY (GE Appliances); Lynn, MA (GE Aviation);
and Schenectady, NY (GE Power & Water). The UE represents about
3,480 employees and its labor agreement includes Erie, PA (GE
Transportation) as its largest facility.
Terms of the new contracts have been offered to the UAW, IAM,
IBEW and other unions that have local contracts with GE. Agreements
have been ratified by many of these local units to date.
For more information, visit www.geunionnegotiations.com.
About GE
GE (NYSE:GE) imagines things others don’t, builds things others
can’t and delivers outcomes that make the world work better. GE
brings together the physical and digital worlds in ways no other
company can. In its labs and factories and on the ground with
customers, GE is inventing the next industrial era to move, power,
build and cure the world. www.ge.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150630006625/en/
GEChris Horne, 518-225-2779
(mobile)Christine.Horne@ge.comorMeghan Thurlow, 202-701-9351
(mobile)Meghan.Thurlow@ge.com
GE Aerospace (NYSE:GE)
Historical Stock Chart
From Aug 2024 to Sep 2024
GE Aerospace (NYSE:GE)
Historical Stock Chart
From Sep 2023 to Sep 2024