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General Electric Offers Amid Strike Debates
GE presents a new offer aligned with worker concerns and national needs amid a strike. It argues union criticisms on prices profits and pay misstate facts, noting electrical equipment prices rose modestly since 1965 while GE profits fell since then. The plan boosts wages about 7.5 percent first year with cost of living protections and competitive insurance, urging unions to accept for a settlement and return to work at the Pittsfield plants.
MENTIONED IN THIS ARTICLE
General Electric
Bureau of Labor Statistics
U.S