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Omaha Steve

(99,074 posts)
Sun Oct 25, 2015, 08:34 PM Oct 2015

Raytheon union approves new 3-year contract

Source: Tucson

Union workers at Tucson-based Raytheon Missile Systems overwhelmingly approved a new three-year contract Sunday, averting a potential strike.

Approval of the contract by members of the International Association of Machinists and Aerospace Workers Local 933 came on a 476 to 56 vote, after the company sweetened its wage proposal in the past week.

The union last week had termed "insulting" an earlier Raytheon proposal that had no wage increase in the first year and small increases in subsequent years. That, along with other issues, prompted union leadership to seek authority for a strike vote along with the ratification vote on Sunday.

Under the new contract, which was recommended for ratification by union leadership, the roughly 1,300 Raytheon employees represented by the union will get a $750 lump-sum payment on Nov. 12 and $500 payments each January during the contract years.

FULL story at link.


David Wichner/Arizona Daily Star
Members of the International Association of Machinists and Aerospace Workers Local 933 await the tally after voting on a Raytheon contract proposal Sunday at Rincon High School.

Read more: http://tucson.com/business/local/raytheon-union-approves-new--year-contract/article_e3182e96-7b5f-11e5-a771-a7a9ee42d02f.html

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Raytheon union approves new 3-year contract (Original Post) Omaha Steve Oct 2015 OP
And employee insurance cost + OP will exceed the raises for many: Yo_Mama Oct 2015 #1

Yo_Mama

(8,303 posts)
1. And employee insurance cost + OP will exceed the raises for many:
Sun Oct 25, 2015, 09:13 PM
Oct 2015
Most workers represented by the union will get general wage increases of 2.5 percent effective immediately, a 2.75 increase effective in October 2016 and a 3 percent increase in October 2017. A small number of employees will get commensurate one-time payments instead of wage-rate increases because of their classifications.

Employee health-insurance premiums will rise 5 percent along with other changes that will raise out-of-pocket costs, said Louis Martinez, directing business representative for Local 933.


How long can this go on? We can't have even relatively well-paid workers taking home less and less each year!

In these times, that's a relatively good contract. But many workers will end up with less.
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