GE reaches tentative labor agreements with unions

[Omaha Steve]

Source: Washington Post

GE reaches tentative labor agreements with unions

By Mark McSherry
Reuters
Sunday, June 17, 2007; 6:52 PM

NEW YORK (Reuters) - General Electric Co. (GE.N) said on Sunday it had reached tentative agreements on new four-year labor contracts with the national leaders of its two largest unions.

GE said the tentative new agreements will provide significant improvements in wages, pensions and benefits, but declined to give more details as union members still had to be informed.

GE said the agreements are subject to review by union negotiating committees and ratification by union members by June 28.

The tentative agreements were reached Sunday after four weeks of bargaining between GE and the IUE-CWA and the United Electrical, Radio and Machine Workers of America (UE).


Read more: http://www.washingtonpost.com/wp-dyn/content/article/2007/06/17/AR2007061700771.html

[Tandalayo_Scheisskopf]

1. There are some good contracts being signed these days.

Has the pendulum started swinging back? I hope so.