Teamsters union detail Sikorsky deal

Teamsters union detail Sikorsky deal

11-Oct-2016 Source: Teamsters

50 in Connecticut and Florida today overwhelmingly ratified the company proposal, ensuring that Teamsters will build the CH-53K helicopters.

MEMBERS VOTING TO ACCEPT: 2104

MEMBERS VOTING TO REJECT: 140

Below are details of the agreement:

COMPANY PROPOSAL TO LOCAL 1150

I. Two Tier Wage Scale – effective 7/1/2017

Introduce a two-tier wage system for all new employees hired into the bargaining unit effective July 1, 2017

  • 25% reduction in hourly rates from Schedule D outlined in the CBA
  • New wage scale is competitive to market and peer companies

Active employees who are on the payroll as of June 30, 2017 will continue to follow the current existing wage schedule as outlined in the current Collective Bargaining Agreement.

II. Alternate Work Week – effective 7/1/2017

Thirty-six (36) hour work week, paid for forty (40) hours

Three (3) twelve (12) hour days (Friday, Saturday, and Sunday)

All work over thirty-six (36) hours will be overtime

Two (2) Shifts with First Shift hours to be 6 am to 6 pm and Second Shift hours to be 6 pm to 6 am

  • All work on 4th, 5th, and 6th work day will be paid time and one-half
  • All work on the 7th work day will be paid double time
  • Pre/post shift overtime will be paid at time and one-half

Second shift 10% premium

Twelve (12) hours of pay for holiday on a scheduled work day

Eight (8) hours pay for a holiday on a non-scheduled work day

No forced transfers into AWW departments

  • Will fill with volunteers or new hires

III.Pension Plan Changes – effective 7/1/2017

Automatic Company Contribution for new employees

  • For new employees hired on or after July 1, 2017, the Company will provide a 4% Automatic Company contribution, unmatched of gross earnings into the Company Hourly Savings Plan.

Company Supplemental Contribution for new employees

  • For new employees hired on or after July 1, 2017 the Company will provide a Company Supplemental Contribution of $1.20 per hour for 40 hours per week, capped at 2080 hours per year, on a weekly basis. This unmatched contribution will be deposited by the Company into the Company Hourly Savings Plan.

New employees hired on or after July 1, 2017 can contribute to the Company Hourly Savings Plan effective their date of hire.

New employees hired on or after July 1, 2017 will be fully vested on their date of hire.

IV. Ratification Bonus Payment – $1,500

Following the ratification of this Agreement, employees who are both on the payroll of the Company and are covered by this Agreement as of the date of acceptance of this offer shall receive a $1,500 ratification bonus. No other employee or former employee shall be eligible for this bonus. The ratification bonus will be paid under the following guidelines:

  • Employees will be given the opportunity to place some or all of this bonus in the Savings Plan and/or Health Savings Account (HSA).
  • Employees must elect in writing to put some or all of their bonus, in $250 increments, into the Savings Plan and/or Health Savings Account (HSA). The specific due date for employee elections will be determined following ratification of the offer.
  • The Company will match at 50% any of the ratification bonus placed into the Savings Plan and/or Health Savings Account (HSA).
  • Employees who do not make such election will be paid a ratification bonus of $1,500 (gross). The specific date of payment will be determined following ratification of the offer.

CLOSING CONDITIONS

The parties agree no additional concessions will be solicited during the Connecticut/Florida bargaining agreement contract negotiations for the agreement set to expire on February 18, 2018.

For the purposes of this agreement, concessions are defined as:

  • no reduction in wages as set forth in Schedule D – Wages (Effective February 20, 2017), of the current collective bargaining agreement;
  • no reduction to the “Monthly Pension Per Year of Credited Service” as set forth in Letter 6 of the current collective bargaining agreement;
  • no reduction to the Company credit of the Cash Balance Pension Plan as defined in Letter 7 (2) of the current collective bargaining agreement.

In addition, and as with previous contract negotiations, the Company is open to evaluating alternative components of the Company’s Last, Best, and Final Offer, understanding that none of these would exceed the total value of the Last, Best, and Final Offer.

The parties agree that the execution of this Memorandum of Understanding shall be conditioned upon the following items:

  • Successful passage of the appropriate state legislation in support of the agreement between the Company and the Connecticut Department of Economic and Community Development (DECD);
  • The Company’s selection of the Stratford, CT facility as the build location for the CH-53K program.

The parties agree that the absence of agreement with the Connecticut DECD or a selection of any site other than the Stratford, CT facility for the build of the CH-53K helicopter will result in this agreement becoming null and void.

The parties agree that upon ratification of this Memorandum of Understanding and passage of the appropriate state legislation, the Company will select the Stratford, CT facility for the build of the CH-53K helicopter.

, , , , , ,

Copyright © 2021 HeliHub

Website by Design Inc

Helihub logo

X