![GE's largest union ratifies 2-year contract extension with wage hike](https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ3I0K7_L.jpg)
(Reuters) – Normal Electrical (NYSE:) Co’s employees have ratified a two-year contract extension that gives for a 12% rise in wages, their union mentioned on Wednesday.
The contract extension, which covers about 3,000 American employees of GE, will even guarantee labor protections after the spinoff of the corporate’s aerospace and vitality divisions, in keeping with the Worldwide Union of Electrical Staff – Communications Staff of America (IUE-CWA).
GE is ready to separate its aerospace and vitality companies in early 2024 to change into GE Aerospace and GE Vernova, respectively.
The contract extension will take impact on July 1 and proceed by June 22, 2025.
Individually, eight native unions that collectively cowl about 400 workers additionally ratified contract extensions with the corporate, GE mentioned on Tuesday.