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Newspaper
Berkshire Eagle
Location
Pittsfield, Massachusetts, United States of America
Date
Dec 09, 1969
Page
7
General Electric introduces a revised three year proposal after IUE and UE called the original offer unacceptable. The unions cited uncertainty and strike risk, lack of a cost of living escalator, and insufficient benefits for longer service staff. The new plan addresses these concerns and offers a path to settlement.
The plan outlines annual pay raises starting at 3 percent, then 3 percent, and rising through 3.5 percent, 4 percent, 4.5 percent, and 5 percent in later years, totaling higher overall compensation each year.
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