Academic journal article Monthly Labor Review

Aerospace Accord

Academic journal article Monthly Labor Review

Aerospace Accord

Article excerpt

The round of settlements in the aerospace industry continued, as the Auto Workers agreed with Rockwell International Corp. on a 3-year contract that included two provisions designed to moderate labor cost increases. One provides that new employees will have to wait longer before attaining the maximum pay progression step for their job grade. The other provides that new workers will not receive quartely cost-of-living pay adjustments during their first year on the job. Thereafter, they will the full adjustment, but will not receive retroactive payment of any lost amount. Both provisions were apparently less detrimental to workers than in some earlier aerospace accords, which called for new employees to be paid less than incumbents in all steps of the progression schedule for their grade and for current employees in lower grades to receive smaller wage increases that current employees in other grades. Two such settlements involved the Boeing Co. …

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