GE, Unions Reach Tentative Agreements on New Contracts

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By marketwatch.com

GE today reached tentative agreements on new labor contracts with national leaders of its two largest unions, the IUE-CWA and the United Electrical, Radio and Machine Workers of America (UE), after three weeks of negotiations.

The agreements are now subject to review by union negotiating committees and ratification by union members.

GE’s existing four-year national contracts with the IUE-CWA and the UE expire at midnight tonight.

The four-year job packages provide improvements in healthcare, wages, pension and job and income security. The contract provisions will also be extended to additional unions that have local contracts with GE.

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