Machinists Union Local 387 members ratified a new collective bargaining agreement with GKN Aerospace in St. Louis. The four-year agreement includes wage increases, improved cost-of-living adjustments, seed money for Health Savings Accounts (HSA) and lower-cost options for prescription drugs.
One of the challenges during contract negotiations was trying to eliminate an unfair and divisive two-tier wage system. The new contract provides first-step improvements to the two-tier wage system which includes a path for tier two employees to move to the top tier and limits expansion of the second tier. It also allows for faster progression to top pay.
The skilled IAM Local 387 members at GKN Aerospace craft, design and build advanced composite, metal parts and assemblies in the aerospace industry.