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Canada- Bombardier, Machinists union reach 5-year contract  Join our daily free Newsletter

MENAFN - 11/11/2012

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(MENAFN) The International Association of Machinists and Aerospace Workers said that its members accepted a 5-year deal with Bombardier Learjet, ending a 1-month strike, reported AP.

Bombardier stated that nearly 70 percent of the union's members approved the deal, which will allow workers to go back to the Wichita plant as soon as Monday.

On October 8, machinists left the job after refusing a five-year contract offer over the length of the proposal and a rise in health insurance costs.

The new contract is similar to the previous offer in that there is no wage raise during the first year and a 1 percent wage bump the following 4 years.

However, the recently approved contract includes a larger signing bonus of USD2,500.

It is worth noting that the new health care improvements show that an employee with single coverage will see a USD700 annual cut in health insurance deductions, whereas employees with family coverage will see a USD2,300 annual savings.

 






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