Textron workers from Local 774 of the Machinists union have voted to ratify a new contract offer from the company. The contract covers nearly 5,000 members across three campuses in Wichita, and the union members will return to work beginning Wednesday, Oct. 23.
The new offer that Local 774 members voted on over the weekend includes a fifth year, as several members were adamant about not having a contract expire in an election year. The key highlights of the contract are:
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Maintaining major manufacturing operations in Wichita
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A 31% general wage increase over the life of the contract with an 11% wage increase immediately upon ratification. The company has wage growth charts that model how this wage increase is compounded over the life of the contract so employees can see the substantial impact to their paycheck. Additionally, it includes a
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4% wage increase in 2025
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5% wage increase in 2026
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6% wage increase in 2027
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And a new 5% wage increase in 2028
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This is in addition to the 4% increase the company voluntarily provided in 2022, when inflation was at its height
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Cost of living adjustment (COLA) maximum more than doubles from the previous contract from $700 to $1,500 per year
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A guaranteed $3,000 annual lump sum payment totals $15,000 for each employee over the life of the contract
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New longevity pay that recognizes long-term employees
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The company has capped increases on annual health insurance premiums for low and high deductible health plans
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No premium increases from 2025 through 2029 to the company’s no deductible health plan with added FREE services at our Plane Healthy Wellness Centers and Pharmacy locations, effective January 1, 2025. These free services include:
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Free primary care visits
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Free preventive care
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Free mental health care
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Free health coaching
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Free physical therapy
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Free labs and x-rays
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Increased the company match to 9% to the 401K Textron Savings Plan
