“GE is pleased that all of our unions have now ratified the 2019-2023 employment contract and we look forward to moving forward with the agreement to continue serving our customers,” said Paul Lalli, Head of Labor Negotiations at GE. “We appreciate working with the leadership of all our unions to develop a package that provides employees with higher wages and improved social benefits, among the best in the industry, while continuing to return our company to a position of strength.” There are approximately 6600 GE employees who are represented by contracts with 11 GE unions that are part of the CBC. The IUE-CWA is the largest of the GE trade unions; Others are IAM, UAW, IBEW and IFPTE. Current collective agreements apply to employees of a number of U.S. institutions, including Lynn, Mass., Evendale, Ohio, Madisonville, Ky., and Strother, Kan., GE Aviation; Schenectady, N.Y., for GE Power; Bucyrus, Ohio, for GE Lighting; and Milwaukee, Wis. and Waukesha, Wis, for GE Healthcare. On Monday, June 24, 2019, at 8:00 p.m. EST, a final proposal from GE was submitted to the Union Joint Committee. Thus, twenty (20) days of negotiations will end in Cincinnati, OH, the day after the 2015-2019 collective agreement expires at midnight on June 23, 2019. The four-year agreement was concluded on 24 June 2019, after 21 days of negotiations. BOSTON – August 13, 2019 – GE (NYSE:GE) announced today that all unions that make up the Coordinated Bargaining Committee (CBC) have ratified a new four-year agreement that implements the agreement and concludes the labor bargaining process.
“We are pleased to announce the details of the proposed agreement, which provides our employees with good salaries and useful benefits, while refining the unique challenge we face today to put GE back in a position of strength,” said Paul Lalli, GE`s Chief Negotiator. “IUE-CWA delegates voted to recommend the new treaty to their members for ratification, and the other CBC unions agreed to send the proposed agreement to their members for ratification.” General Electric union employees can expect three increases and two cash payments over the next four years as part of the interim collective agreement that General Electric Co. and its national unions secured this week. The increases will amount to $US 1.80 per hour over the four years and the two cash payments — which GE calls accelerated cash payments — will amount to $US 3,000. GE Union Negotiations Securing the Future Success of GE and its Employees In June 2019, GE and its national unions will begin negotiations for a new collective agreement that will replace the current contract, which expires on June 23. . . .