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Current union contract is about to expire. I’ve heard of the local IOU’s shoveling out retention pay and other incentives to keep lineman around. Anybody here have good news or major pay raises with recent contract changes? Considering inflation it should be pretty interesting.
I can tell you that the terms of union contracts, including wages and benefits, are typically negotiated between labor unions and the employer. The outcome of these negotiations can vary greatly depending on the specific circumstances, including the strength of the union, the financial position of the employer, and broader economic conditions.
In general, unions will push for higher wages and improved benefits for their members, while employers will look to control costs. Whether a union is successful in securing a pay raise or not can depend on many factors, including the overall state of the industry and the company's financial performance.
It's important to note that the impact of inflation on wages and benefits can also play a role in union contract negotiations. Unions may argue that their members need higher wages to keep up with the rising cost of living, while employers may argue that they need to control labor costs in order to remain competitive.
In the end, the outcome of these negotiations is often a compromise between the two sides, and the specifics of any agreement will depend on the particular circumstances and priorities of both the union and the employer.