GE, Unions Disclose Contract Proposals
From Associated Press
General Electric Co. and its unions say their proposed new contracts would increase wages by 16.5% for the average hourly employee over four years.
Negotiators reached the tentative contract agreements Sunday, but only now disclosed the details. The conference boards of the two largest unions already have recommended ratification.
Shares fell 87 cents to $29.86 on the NYSE.
