Spirit AeroSystems, Inc., a subsidiary of Spirit AeroSystems Holdings, Inc. announced the contents of a new fouryear contract proposal unanimously agreed to by the bargaining committee of the Local Lodge 839 of the International Association of Machinists and Aerospace Workers (IAM).
IAM union members will vote on approval on Thursday, June 29, at Hartman Arena in Park City, Kan.
The new proposed contract is a result of negotiations that began this past Saturday between the company and IAM officials, mediated by the Federal Mediation and Conciliation Service.
“We listened closely and worked hard in our talks over the last several days to further understand and address the priorities of our IAM-represented employees,” said Tom Gentile, President and CEO of Spirit AeroSystems. “We believe this new offer is fair and competitive and recognizes the contributions of our employees covered under this proposed agreement, enabling our ability to meet the growing needs of our customers and deliver value for our investors.”
Highlights of the new contract terms include:
• Exact same core healthcare plan. Healthcare for employees will be 100 percent unchanged from the comprehensive coverage they currently have.
• No mandatory weekend overtime.
• Sign on bonus of $3,000 cash.
• Increased Pay: Total wage increase of 9.5 percent in year one, guaranteed increase of 23.5 percent over the life of the contract, and annual bonuses and Cost of Living Allowance on top.
More details of the new contract offer can be found Spirit-IAM Wichita Contract Negotiations | Spirit AeroSystems.
Operations at Spirit’s Wichita plant will continue to be suspended until the new contract is ratified.
