Academic journal article Monthly Labor Review

Settlement at Rockwell International

Academic journal article Monthly Labor Review

Settlement at Rockwell International

Article excerpt

Members of Local 1362 of the International Brotherhood of Electrical Workers approved a tentative 3-year contract covering some 2,000 production and maintenance workers at Rockwell International Corp.'s Collins Division facility in Cedar Rapids, IA.

The settlement calls for an immediate $600 lump-sum payment, a 50-cent hourly wage increase in the first year of the contract, an $1,800 lump-sum payment in the second year, and a 3-percent wage increase in the third year. It continues the existing cost-of-living adjustment provision, which provides quarterly payments equal to 1 cent an hour for each 0.3-point increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers--but adds a trigger in each year. The index must rise 4 percent in the first year and 3 percent in the last 2 years before COLA's are paid.

The pact introduces several changes in benefits. It sets employee contributions towards medical insurance premiums at $4 per month (was $14) for single coverage, $7 per month (new) for 2-party coverage, and $11. …

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