AGL 38.99 Increased By ▲ 0.97 (2.55%)
AIRLINK 207.30 Increased By ▲ 9.94 (5.04%)
BOP 9.65 Increased By ▲ 0.11 (1.15%)
CNERGY 6.04 Increased By ▲ 0.13 (2.2%)
DCL 8.95 Increased By ▲ 0.13 (1.47%)
DFML 37.10 Increased By ▲ 1.36 (3.81%)
DGKC 96.85 Decreased By ▼ -0.01 (-0.01%)
FCCL 35.65 Increased By ▲ 0.40 (1.13%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.49 Increased By ▲ 0.32 (2.43%)
HUBC 127.48 Decreased By ▼ -0.07 (-0.05%)
HUMNL 13.84 Increased By ▲ 0.34 (2.52%)
KEL 5.42 Increased By ▲ 0.10 (1.88%)
KOSM 7.06 Increased By ▲ 0.06 (0.86%)
MLCF 44.90 Increased By ▲ 0.20 (0.45%)
NBP 60.75 Decreased By ▼ -0.67 (-1.09%)
OGDC 217.16 Increased By ▲ 2.49 (1.16%)
PAEL 40.85 Increased By ▲ 2.06 (5.31%)
PIBTL 8.38 Increased By ▲ 0.13 (1.58%)
PPL 194.34 Increased By ▲ 1.26 (0.65%)
PRL 39.29 Increased By ▲ 0.63 (1.63%)
PTC 26.70 Increased By ▲ 0.90 (3.49%)
SEARL 107.63 Increased By ▲ 4.03 (3.89%)
TELE 8.51 Increased By ▲ 0.21 (2.53%)
TOMCL 35.67 Increased By ▲ 0.67 (1.91%)
TPLP 13.50 Increased By ▲ 0.20 (1.5%)
TREET 23.30 Increased By ▲ 1.14 (5.14%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 33.00 Increased By ▲ 0.03 (0.09%)
WTL 1.68 Increased By ▲ 0.08 (5%)
BR100 11,931 Increased By 204.9 (1.75%)
BR30 36,892 Increased By 515.2 (1.42%)
KSE100 111,920 Increased By 2406.5 (2.2%)
KSE30 35,234 Increased By 720.4 (2.09%)
Business & Finance

GE secures four-year labor deal with unions for 6,600 workers

NEW YORK: General Electric Co has clinched a labor deal with all 6,600 of its unionized workers in the United States
Published August 14, 2019

NEW YORK: General Electric Co has clinched a labor deal with all 6,600 of its unionized workers in the United States, averting potential strikes that could have hit the ailing conglomerate's jet engine production, the company and unions said on Wednesday.

Voting in recent days, union locals approved a four-year contract governing electrical workers, machinists, steelworkers, autoworkers, Teamsters and engineers, the two sides said.

"We now have a ratified four-year labor agreement with all of our unions," GE spokesman Jeff Caywood said in a statement emailed to Reuters on Wednesday.

Representatives of the IUE-CWA, the union that took the lead in negotiations, were not immediately available to comment. A statement posted on Wednesday on the union's website said all locals had approved the deal and 77 percent of members had voted.

GE improved its contract offer after workers narrowly rejected an earlier offer last month.

Copyright Reuters, 2019

Comments

Comments are closed.