All-nighter helps Con Edison, union avert heat wave walkout
July 3, 2008
Con Edison’s 9,000 union employees are staying on the job after all-night talks produced a new contract Wednesday and removed the threat of a strike during a summer heat wave.
Both sides agreed to keep talking past a midnight strike deadline set by Utility Workers Union of America Local 1-2, and shook hands on a deal just before 5 a.m.
The union said Con Ed’s proposed wage increases and health benefit changes made for a bitter negotiating atmosphere, as did a plan to put new employees into a 401(k)-style retirement plan instead of a traditional pension.
Con Ed dropped that proposal, paving the way for a final handshake - though neither side would say exactly what the wage increase will be. The union’s workers must still vote to approve the deal.The union represents Con Ed workers in all of New York except Staten Island and Westchester County.
Source: NY Daily News
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