Following a six-month lockout of 1,250 National Grid gas workers and support staff, two United Steelworkers unions have ratified a tentative agreement reached on Jan. 2 that will lead to a full return to work during the week of Jan. 20. Under the 5½-year agreement, new hires will not have pensions, but will receive a retirement plan that includes a company contribution of 3% to 9%, plus a 401(k) plan. Current workers will keep their health insurance plans for two years before costs rise in 2021. Salaries will increase 18% compounded over the life of the contract and up to 40 new jobs will be created, including new safety oversight positions.
National Grid Lockout Ends After Unions Ratify Agreement
January 9, 2019