Catherwood LibraryILR School

The first strike in thirty-eight years at utility company Dominion Resources Inc. ended today as 3,700 electrical workers represented by International Brotherhood of Electrical Workers Local 50 returned to work. The strike was called off by the union?s leadership after the two sides reached a tentative contract agreement yesterday following management?s new offer to increase the monthly retirement pay of workers who retire between the ages of fifty-five and sixty-two by up to $450 until they become eligible for Social Security at sixty-two. Despite the gains for retirees, reductions in wage raises in the new offer mean that the overall pay and benefits members will receive are the same as those offered by the company before the thirteen-day strike, and union officials have sent the offer to a membership vote without any recommendation to members on whether to accept the offer.