GE workers in Lynn reject labor deal, putting pact in peril | GE Message Board Posts

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Msg  6281 of 6326  at  7/10/2019 12:00:27 PM  by

jerrykrause


GE workers in Lynn reject labor deal, putting pact in peril

 Boston Business Journal
 
 
MANUFACTURING

GE workers in Lynn reject labor deal, putting pact in peril

 By Law and Money Reporter, Boston Business Journal
 

Members of a local union representing workers at General Electric Co.’saviation plant in Lynn voted down a labor agreement on Tuesday, potentially killing the proposal for several thousand employees at GE facilities nationwide.

The members of IUE-CWA Local 201 joined with their fellow workers at a GE (NYSE: GE) facility in Schenectady, New York, in rejecting the deal. The national IUE-CWA and GE management struck the tentative agreement last month, but it still needed to be approved by workers in local chapters of the union.

Nationwide, a majority of union members voted in favor of the agreement on Tuesday, but under union rules, the pact may still ultimately be rejected. That’s because if a local chapter rejects a deal, as happened in Lynn, all of that chapter’s votes are supposed to be counted as a “no.” Assuming that's the case, the deal would fail under Tuesday's vote.

The national IUE-CWA’s lawyers are reviewing the vote, according to a statement posted on Facebook, adding that the union will make a definitive statement regarding the vote once that review is complete.

GE Aviation spokesman Rich Gorham said the outcome was still being determined and declined further comment.

The four-year deal would increase hourly wages and multiple lump-sum cash payments, while upping annual health care deductibles.

The vote comes amid significant changes at Boston-based GE, as CEO Larry Culp restructures the company following a years-long stock-price decline.

As of earlier this year, the Lynn plant had approximately 2,600 employees. The facility scored a major victory earlier this year when the U.S. Army chose a GE Aviation engine for its helicopters, a decision that could give the Lynn plant significant work for decades to come.
 

See inside GE Aviation's plant in Lynn

Last week, GE warned of lower overall profits in the coming year, but singled out its aviation division as the only one that will grow in both revenues and profitability this year.

 


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