Skip To The Main Content

News

General Electric Returns to the Bargaining Table With Its Largest Union

Aug 02, 2019

LYNN, MASSACHUSETTS 

 

By Zarifa Huq

 

General Electric (GE) and the International Union of Electric Workers - Communications Workers of America (IUE-CWA), its largest union, are coming back to the negotiation table with hopes of settling a new labor contract. 

 

Last month, both the Schenectady and Lynn GE plants rejected the proposed agreement marking the first time the union has rejected a national contract with the company since 1969. With plans for a strike in place starting August 12th, the pressure to find a solution is once again on GE.

 

The offer, the result of 3 weeks of negotiations, has GE’s utmost confidence to succeed. The offer includes wage increases of $180 per hour, 2 cash payments of $3,000 and a ratification bonus of $1,500. This would give an additional $10,450 in cash compensation to union members over the length of the 4-year contract. The union's main issues now are the increase in healthcare premiums and a lack of cost of living increase. It remains to be seen how GE will answer to these demands. The influence of the IUE-CWA cannot be understated especially as a strike would result in even more a financial blow to GE’s already struggling aviation business. 


Read the full story on ItemLive here.