REVISED: GE Concludes Negotiations With its CBC Unions on a Proposed Four-Year Agreement
BOSTON – June 25, 2019 – GE (NYSE:GE) and the Coordinated Bargaining Committee (CBC) of GE unions concluded negotiations with a new proposed four-year collective bargaining agreement by the Company.
The proposed agreement provides improvements in wages, health care, retirement income benefits, and job and income security, and is now subject to a review and vote by IUE-CWA delegates and by members of GE’s other CBC unions.
"We have achieved our goal of creating a fair deal that provides good wages and meaningful benefits for our employees while addressing the unique challenge we face today to return GE to a position of strength,” said Paul Lalli, head of labor negotiations for GE. “The new contract is endorsed by IUE-CWA leadership and creates a path forward for both employees and the company to succeed in today’s increasingly competitive world.”
IUE-CWA President Carl Kennebrew and IUE-CWA GE Conference Board Chairman Jerry Carney are recommending approval of the agreement by the IUE-CWA delegates. Also, the other CBC unions have approved sending the proposed agreement to their membership for a ratification vote.
The ratification votes are expected to take place by July 3, 2019.
There are approximately 6,600 GE employees represented by contracts with 11 GE unions that are part of the CBC. The IUE-CWA is the largest of the GE unions; others include the IAM, UAW, IBEW, and IFPTE. The current labor agreements cover employees at a number of U.S. facilities, including in Lynn, Mass., Evendale, Ohio, Madisonville, Ky., and Strother, Kan., for GE Aviation; Schenectady, N.Y., for GE Power; Bucyrus, Ohio, for GE Lighting; and Milwaukee, Wis., and Waukesha, Wis., for GE Healthcare.
For more information, visit www.geunionnegotiations.com.
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
GE Media Contact:
Jeff Caywood, 857.337.4101