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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| GE Aerospace | NYSE:GE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 3.01 | 1.88% | 162.71 | 162.825 | 159.4205 | 161.39 | 5,030,273 | 23:55:25 |
From May 2019 to May 2024
General Electric Co. has reached tentative agreements on labor contracts with its two largest unions, just ahead of expiring four-year agreements.
The agreements with leaders of the IUE-CWA and the United Electrical, Radio and Machine Workers of America are now subject to union negotiating committees and ratification by union members.
Delegates from both unions are expected to meet early this week to review the tentative agreement. If recommended for approval, the ratification of votes are expected to take place by the end of the month, GE said.
The unions affected by the agreements represent about 16,500 GE employees in the U.S., according to the company. That equates to about 12% of GE's domestic workforce.
GE's existing four-year national contracts with both unions expired at midnight Sunday. The tentative agreements follow three weeks of negotiations.
Write to Lisa Beilfuss at lisa.beilfuss@wsj.com
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