Summary of Lockheed Martin’s Economic Proposal as of April 6, 2022 Duration – 5 year and 2-month contract. Ratification Bonus = $1,000.00 within 60 days of ratification and $1,000.00 around 24 February 2023. General Wage Increases – year (1) = 2.5%, years (2) thru (5) = 2.0% each year. Cost Of Living Payments – Capping …
Your Union Negotiating Committee has been hard at work on the Non-Economic part of these negotiations. There have been many meetings and subcommittee meetings to discuss several different topics including job studies, shift change, overtime, a Lead position and more. The Company still has a proposal on the table that takes away your daily overtime …
A Strike Sanction Vote is the very important first step of the administrative action that is required under the IAM Constitution to call a strike. The Strike Sanction Vote ensures, that should the membership later reject the company’s “Last, Best, and Final” contract proposal, and vote to reaffirm the strike sanction vote with a second …