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21 May, 2007
Labour Unions in the US, including ICEM affiliates United Electrical, Radio and Machine Workers of America (UE), the United Steelworkers (USW), and the United Auto Workers (UAW), begin bargaining this week with General Electric (GE) over a new collective agreement.
Some 23,000 US workers belonging to 13 unions negotiate jointly as the Coordinating Bargaining Committee of GE Unions (CBC). They have a four-year labour agreement with US-based manufacturing and financial services company General Electric expiring on 17 June 2007.
Central among issues are expected to be job security, health care, and pensions. GE, which posted US$20.7 billion in net profit last year, is expected to seek greater cost-sharing of health care expenses from workers, curtailments on early retirement eligibility for staff, and reduced benefit levels, including pensions, for newly-hired workers. The unions will resist such proposals.
GE, which increased its dividend to shareholders for the 31st consecutive year in 2007 and spent US$8 billion last year on a share buy-back plan, is a major world manufacturer of plastics and chemicals, airplane and rail engines, power turbines, energy and gas equipment, as well as medical equipment. GE also owns major US broadcasting and television company NBC.
Besides the UE, USW, and UAW, other US-based trade unions involved in the CBC include: the IUE-CWA, Machinists Union, NABET-CWA, Teamsters, Electrical Workers (IBEW), Federation of Professional & Technical Engineers, American Federation of Television and Radio Artists (AFTRA), Sheet Metal Workers Union, the United Association of Plumbing and Pipefitters Union, and SEIU’s Firemen & Oilers Division.
The UE, the coalition’s second largest union of GE workers, will host a CBC-wide contract rally on 2 June in Erie, state of Pennsylvania, home of two of the UE’s branch unions that represent GE workers.