FORT WORTH (AP) - Striking Lockheed Martin machinists will gather in the Fort Worth Stockyards to vote on a new labor deal.
Members of the International Association of Machinists and Aerospace Workers will cast their ballots Thursday at Cowtown Coliseum.
The four-year tentative agreement would pay workers a $2,000 bonus and annual pay increases starting at 3-percent the first year. Current basic health care plans would remain unchanged.
However, workers hired after July 2, the deadline for ratification, wouldn’t get traditional pensions. Instead, they’d have a retirement savings plan and contributions from Lockheed Martin.
Members of Machinists Local 776 went on strike April 23 after union members rejected an offer that would have raised health care costs and eliminated pensions for new hires. Local 776 represents about 3,600 striking workers.
(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
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