Northrup Grumman Corp., the world?s largest military shipyard and United Steelworkers of America Local 8888, the largest local in the U. S., announced that they have reached a tentative agreement. The previous contract expired Sunday night. The contract includes a 15% increase in wages over the next four years, addition of Martin Luther King Jr.?s birthday as a paid holiday, lower first year insurance premiums and raises the company?s contribution for future premiums from 50% to 75%. Members are scheduled to vote on Wednesday.
See "Northrup, Union Reach Tentative Shipyard Deal", Los Angeles Times, June 7, 2004