GE UNION MEMBERS COMPLETE RATIFICATION OF NEW FOUR-YEAR AGREEMENT

Aug 13, 2019

BOSTON August 13, 2019 – GE (NYSE:GE) today announced that new four-year agreement has been ratified by all unions that make up the Coordinated Bargaining Committee (CBC), putting the agreement into effect and completing the labor negotiation process.

“GE is pleased that all of our unions have now ratified the 2019-2023 labor agreement, and we look forward to moving ahead under the agreement to continue to serve our customers,” said Paul Lalli, head of labor negotiations for GE. “We appreciate working with the leadership of all our unions to produce a package that provides employees with increased wages and improved benefits that are among the very best in the industry, while continuing our company’s return to a position of strength.”

Negotiations between union leaders and GE officially began on June 3, 2019, in Cincinnati, Ohio. Following several weeks of negotiations and a series of votes across the CBC unions including today’s results by the IUE-CWA, all of the unions have now voted in favor of ratification.

There are approximately 6,600 GE employees represented by contracts with all seven of GE unions that are part of the CBC. The IUE-CWA is the largest of the GE unions; others include the IAM, UAW, IBEW, USW, IFPTE, and UA. The current labor agreements cover employees at a number of U.S. facilities, including in Lynn, Mass., Evendale, Ohio, Erlanger and Madisonville, Ky., and Strother, Kan., for GE Aviation; Schenectady, N.Y. and Salem, Virginia, for GE Power; Bucyrus, Ohio, for GE Lighting; and Milwaukee and Waukesha, Wis., and Warrensville Heights, Ohio, for GE Healthcare.

For more information, visit www.geunionnegotiations.com.

About GE:

GE (NYSE:GE) drives the world forward by tackling its biggest challenges. By combining world-class engineering with software and analytics, GE helps the world work more efficiently, reliably, and safely. For more than 125 years, GE has invented the future of industry, and today it leads new paradigms in additive manufacturing, materials science, and data analytics. GE people are global, diverse and dedicated, operating with the highest integrity and passion to fulfill GE’s mission and deliver for our customers. www.ge.com