GE Union Ratifies Two-Year Contract Extension With 12% Wage Hike

General Electric Co’s workers have ratified a two-year contract extension that provides for a 12% rise in wages, their union said on Wednesday.

The contract extension, which covers about 3,000 American workers of GE, will also ensure labor protections after the spinoff of the company’s aerospace and energy divisions, according to the International Union of Electric Workers – Communications Workers of America (IUE-CWA).

GE is set to separate its aerospace and energy businesses in early 2024 to become GE Aerospace and GE Vernova, respectively.

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