GE Secures Union Support for Labor Agreements, Avoids Strike

General Electric Co. reached new tentative agreements with two of its largest unions, likely putting to rest the threat of a strike that was scheduled to begin Aug. 12.

The agreements include 56% better wage increases, 18% more total cash, and an average of 18% fewer employee medical contributions than an original tentative agreement reached in June. Employees will see a $2.80 per hour wage increase over the life of the four-year agreement.

“We believe that the tentative agreement represents GE’s strongest possible position on an already highly competitive wage and benefits package that is among the very best in ...