Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: THURSDAY, June 30, 1994 TAG: 9407010010
SECTION: BUSINESS PAGE: B-8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
A new three-year contract between GE and members of the International Union of Electrical Workers provides for wage increases totaling 8.5 percent, six additional cost-of-living increases and a special trades increase, the union reported Wednesday.
The contract was negotiated by a Coordinated Bargaining Committee, which consists of 15 unions representing workers at GE, Martin Marietta and Westinghouse. The IUE, the largest of the unions in the CBC, was the lead negotiating union and represents 900 non-salaried workers at GE Drive Systems in Salem.
Following unanimous recommendation by the 15 CBC unions to approve the contract, IUE members must ratify the agreement. Voting will take place by July 6.
Another feature of the new contract is an early retirement option that allows workers aged 55 with 25 years of service to retire in November with full pensions.
The CBC and Martin Marietta and Westinghouse will negotiate separate contracts later this summer.
- Staff report
Paperworkers union approves contract
Local 884 of the United Paperworkers International Union has approved a new two-year contract with AET Packaging Films in Covington, the company announced Wednesday.
The plant is a division of Applied Extrusion Technologies Inc. of Salem, Mass., which bought it as part of the packaging films group of Hercules Inc. on April 7.
A spokesman for the firm's management said he was pleased that the labor-contract portion of the acquisition is complete and is looking forward to strengthening the company's competitive position. The contract was approved by the union's members late Tuesday.
The new labor agreement provides for 3 percent wage increases in each of the two years, improves differential pay between shifts by 5 cents in the first year, and provides for a long-term disability and dental plans, which become effective in the contract's first year.
The company increased the match for the 401(k) savings and investment plan for employees above what was previously offered by Hercules and added a profit-sharing plan to the 401(k) plan. A one-time $400 ratification bonus was also provided as an incentive for employees to approve the contract.
The Covington plant makes polypropylene film used mainly in the packaging of snack foods and tobacco products. It has about 350 workers.
- Staff report
Briefly ...
Lewis-Gale Psychiatric Center now will offer services in Covington and has expanded its services in Lexington to include substance-abuse treatment.
Lewis-Gale has opened a counseling center in Covington that will offer outpatient mental health services for children, adolescents and adults. Individual, family and group therapy will be offered, along with medication management and support groups for parenting, stress management and other topics.
Substance-abuse treatment will be available through Recovery After Hours, an alcohol and drug treatment program offered three nights a week in Lexington at the Lewis-Gale Counseling Center next to Stonewall Jackson Hospital.
For more information, call 463-1153 in Lexington and 965-8520 in Covington. Or, in Roanoke, call RESPOND at 776-1100 or 1-800-541-9992.
Wheat First Butcher Singer, a Richmond-based securities brokerage and investment banker with an office in Roanoke, has opened a branch in Louisville, Ky. The firm now has more than 2,200 associates in 95 offices.
Century 21 Sellers Inc., a real estate brokerage at Smith Mountain Lake, on Friday will become a branch of Waterfront Properties of Smith Mountain Lake Inc., a subsidiary of The Willars Cos. Raymond Sellers, owner of Century 21 Sellers, will be broker of the branch at 1 Village Square, Rts 122 and 655.
by CNB