United Auto Workers Local 856 members ratified a multiyear contract with Meggitt Aircraft Braking Systems that provides workers with bonuses and hourly raises.
The four-year contract runs through July 31, 2018, and impacts 152 members, said Fred Jones, Local 856 president. The contract was ratified Sunday, with 82 percent of voters in favor.
Meggitt’s Akron facility is adjacent to Akron Fulton International Airport, with workers repairing and overhauling military and civilian aircraft brake-related parts. The facility was originally part of the former Goodyear Aerospace Corp.
The UAW contract provides for: a $1,500 lump sum payment to each worker this year; a 3 percent raise in 2015; a $1,100 lump sum payment in 2016; a 3 percent raise in 2017, and a $700 payment in 2018.
Workers will earn additional pension benefits the first two years of the contract. Jones said. Pensions will be frozen in July 2017, with workers moving to a 401(k) plan, he said. There were some changes to the health-care plan, while job security language was unchanged, Jones said.
“We’re pleased to have a ratified contact,” said Ed Searle, vice president and head of human resources at Meggitt Aircraft Braking Systems.
“Nowadays, when you get 3 percent raises, that’s really good,” Jones said. “We don’t want the company to move out of Akron. We want them to stay here. We’re willing to work with them.”
The company and union agreed to a six-month contract extension last August. The extension provided a $750 signing bonus and a 3 percent pay raise starting in January.
Negotiations on a new contract started in February, Jones said.
Jim Mackinnon can be reached at 330-996-3544 or email@example.com.