Negotiations have been ongoing since February between Lockheed Martin Corp. and the union representing machinists at its Fort Worth plant that assembles the F-35.Union members at a F-35 fighter jet manufacturing plant in Texas voted on Sunday to ratify a new contract with Lockheed Martin Corp. that includes wage hikes and improvements to retirement benefits.
Terms include a 16% effective general wage increase over the four years of the contract, cost-of-living adjustments and a $4,000 per person ratification bonus and maintain the union’s health care plan. Lockheed did not immediately respond to a request for comment. Last week, the company said rising costs to build F-35 fighter jets have bogged down contract talks with the Pentagon.
Labor unions have experienced a renaissance over the past year, emboldened by soaring company profits, renewed respect for essential workers because of the pandemic and rekindled political will in Washington.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Martin Perez flashes hope for pitching as Rangers hold the Athletics scorelessOAKLAND – From a rotation standpoint, the plan has been clear from the beginning for the Rangers. A shortened spring meant conditioning work, and the build-up...
Source: dallasnews - 🏆 18. / 71 Read more »
Aston Martin lineup to be electrified by 2030; hybrid arriving in 2024, EV in 2025Aston Martin has provided an update on its electrification plans for the coming decade.
Source: motorauthority - 🏆 61. / 68 Read more »
Steve Martin - Over The YearsSome of Steve Martin's most iconic moments here are my naked photos Did he pass away? 'Trains, Planes & Automobiles' is one of those perfect comedy's. PS: the King Tut song was a satire on a weird craze at the time over the boy King leading to people being annoyed they couldn't see a travelling museum on him!!
Source: TMZ - 🏆 379. / 59 Read more »
Gywneth Paltrow Finally Revealed Why She And Chris Martin Named Their Daughter Apple'I fell in love with it.' Lol Kinda like how she fell in love with a career built on scamming people huh
Source: BuzzFeed - 🏆 730. / 51 Read more »
Martin McDonagh Isn’t Done TalkingAfter a two-year delay that spanned a pandemic and his 50th birthday, McDonagh is back on Broadway with his new play, Hangmen—no longer the enfant terrible of the theater world, but still turning heads.
Source: VanityFair - 🏆 391. / 55 Read more »
2023 Aston Martin DBX707 spied at the 'Ring in possible record attempt preparationPorsche's Cayenne Turbo GT currently holds the record for SUVs at the 'Ring, but Aston Martin is out to dethrone it.
Source: motorauthority - 🏆 61. / 68 Read more »