US- Lockheed reaches tentative deal with striking machinists

(MENAFN) Lockheed Martin's vice president of labor relations, Greg Karol, stated that the firm reached tentative deal with its 3,600 striking mechanists, reported AP. Karol added that the agreement was reached following two months of strike, which started on April 23, as a result of the company's latest contract offer that changed heath care plans and reduced pensions for newly appointed employees. The company's offer included a 3-percent annual wage increase, a USD3,000 signing bonus, in addition to a rise in retirement income for current workers. The International Association of Machinists and Aerospace Workers District Lodge 776 that represents the striking employees is forecasted to vote on a new labor agreement this week. It is worth noting that workers on strike do most of the assembly and manufacturing work on the F-35 and F-16 fighter jets or service the machines and facilities.


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