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Investing.com -- GE Aerospace has reached a five-year labor agreement with more than 600 striking United Auto Workers union members at its Ohio and Kentucky distribution facilities, the aircraft engine supplier announced Friday.
The deal ends a three-week strike at the company’s Evendale plant in Ohio, which produces marine and industrial engines for the U.S. Navy, and its Erlanger facility in Kentucky, which supplies parts to some of GE Aerospace’s engine plants.
According to the tentative agreement outlined by the union, workers will receive base wage increases ranging from 3% to 5% through 2029. The deal also includes approximately $3,500 in cash payments per employee to help offset rising healthcare costs.
"With these contracts in place, we look forward to our UAW-represented employees returning to work and resuming normal operations," said Christian Meisner, chief human resources officer at GE Aerospace.
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