Breeze-Eastern Concludes Collective Bargaining Agreement.UNION, N.J.--(BUSINESS WIRE)--Nov. 9, 1999-- Breeze-Eastern, a division of TransTechnology Corporation (NYSE NYSE See: New York Stock Exchange :TT), announced today that it has reached agreement on a five-year collective bargaining agreement The contractual agreement between an employer and a Labor Union that governs wages, hours, and working conditions for employees and which can be enforced against both the employer and the union for failure to comply with its terms. with UAW (spelling) UAW - Misspelling of "IAW"? Local 267, representing 61 Breeze-Eastern employees. The agreement was ratified rat·i·fy tr.v. rat·i·fied, rat·i·fy·ing, rat·i·fies To approve and give formal sanction to; confirm. See Synonyms at approve. by the affected employees on Friday, November 4, 1999. The employees returned to work on Monday, November 8, 1999, concluding a six-week labor dispute. Robert L.G. White, President of Breeze-Eastern, said: "We are pleased to have concluded a fair agreement that is consistent with management's objectives. We look forward to working with our associates under this agreement." Breeze-Eastern is the world's leading manufacturer of helicopter rescue hoists and cargo hooks, and also manufactures actuators and motion control devices for aerospace and weapon system applications. TransTechnology Corporation, headquartered in Liberty Corner, NJ, is a multinational manufacturer of specialty fasteners fasteners In construction, connectors between structural members. Bolted connections are used when it is necessary to fasten two elements tightly together, especially to resist shear and bending, as in column and beam connections. and aerospace products. The company employs 2,500 people at its 14 manufacturing facilities in the U.S., Canada, England, Germany and Brazil. |
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