Workers at a Texas Lockheed Martin plant will vote on a new contract on Thursday. The workers have been on strike for more than two months. The four-year agreement would increase wages by 2.5-3% each year, includes adjustments for inflation, and would preserve the pension plans for current employees while moving future workers to a 401(k) style plan. The union says that it is recommending workers accept the offer, which the company and a federal mediator says is the best they can do. Lockheed, which produces jets for the military, has been using temporary workers to run the plant during the strike.
See "Lockheed workers to vote Thursday on new contract", Andrea Shalal-Esa, Reuters, June 27, 2012