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Machinists Ratify Lockheed-Martin Contract at Fort Worth Facility District Lodge 776 Machinists ratified a three-year agreement with Lockheed-Martin Sunday, April 9, in Fort Worth Texas. The new agreement covers about 3,700 Machinists working on the F-16, F-22 and F-35 programs. Highlights of the agreement include raises of four percent the first year, and three percent
Read moreRich Rewards in Bush Tax Cuts With the federal deficit soaring into record territory and individual states struggling to provide basic services, its small comfort to learn that individuals with incomes of more than $10 million saw their annual investment tax bill cut by an average of $500,000 while their total annual savings under the
Read moreGST Mart Elected to Institutional Investors Board General Secretary-Treasurer Warren Mart was elected to serve as Secretary of the labor caucus to the Council of Institutional Investors (CII) and the Board of CII. GST Mart will serve with the President of UNITE-HERE, Bruce Raynor, in leading labor’s voice among the giant public and corporate pension
Read moreDelphi Demands Draconian Wage Cuts Corporate America’s slash and burn campaign against its workers took an ugly turn this week when auto parts manufacturer Delphi Corp. delivered its latest proposal to the United Auto Workers (UAW) for wage cuts covering a majority of Delphi’s 34,000 hourly workers. Delphi filed for bankruptcy last October and has
Read moreIAM Supports Florida Aerospace Development Fund The IAM has taken the lead in working with State Representative Bob Allen of Florida (R-FL) in developing a creative mechanism to spur economic development and create jobs in the Florida space industry. Rep. Allen has proposed a $250 million commitment by the State of Florida to invest in
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