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General Electric, unions reach 4-year agreement. (Industry Newsline).

General Electric said it reached tentative agreements with its workers' two largest unions last month, hours before their contracts were set to expire. New four-year contracts are expected to improve wages, pensions and benefits for some 24,400 GE members of the International Union of Electronic Workers/Communications Workers of America and the United Electrical, Radio and Machine Workers of America. Contracts were negotiated with a number of local unions across the country as well.

Details of the agreements were not released, but GE said union leaders recommended ratification of the contracts, which was expected by press time. Earlier this year, thousands of GE employees walked off their jobs for two days to protest higher health-care co-payments that took effect Jan. 1. GE, based in Fairfield, CT, employs 315,000 workers worldwide.
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Publication:Industrial Maintenance & Plant Operation
Geographic Code:1USA
Date:Jul 1, 2003
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