Nearly 350 members of IAM Local 2171 (District 98) in Johnstown, Pa., have ratified a strong new contract with Lockheed Martin.
Members will see an immediate average pay increase of 11.5% in the first year for members in the wage progression and an 8.3% for those not in the wage progression, as well as yearly general wage increases of 4%, 3% and 3% through the new contract’s expiration in 2027. Over the contract’s life, the average wage will increase by 19.5%.
Other improvements include a ratification bonus of $4,000 and an increased supplemental wage payment from $600 to $1,000 per year. The contract also includes improvements to differential pay, paid time off, short-term disability, call-in pay, retirement security, and the medical plan.
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