General Electric Co. has reached tentative agreements on labor
contracts with its two largest unions, just ahead of expiring
four-year agreements.
The agreements with leaders of the IUE-CWA and the United
Electrical, Radio and Machine Workers of America are now subject to
union negotiating committees and ratification by union members.
Delegates from both unions are expected to meet early this week
to review the tentative agreement. If recommended for approval, the
ratification of votes are expected to take place by the end of the
month, GE said.
The unions affected by the agreements represent about 16,500 GE
employees in the U.S., according to the company. That equates to
about 12% of GE's domestic workforce.
GE's existing four-year national contracts with both unions
expired at midnight Sunday. The tentative agreements follow three
weeks of negotiations.
Write to Lisa Beilfuss at lisa.beilfuss@wsj.com
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