October 03, 2000|By BLOOMBERG NEWS
LEXINGTON, Mass. - Raytheon Corp. said yesterday that its second-largest union had approved a four-year contract, ending a five-week strike by about 3,000 manufacturing workers in Massachusetts.
Members of Local 1505 of the International Brotherhood of Electrical Workers walked off the job Aug. 27 after a dispute over wages and benefits. The strikers accounted for 3.2 percent of Raytheon's work force.
Raytheon, the third-largest defense contractor, gave the members of the union a 14.7 percent pay raise over the next four years and will increase its contribution to their pensions, said David Polk, a company spokesman.
About 2,700 of the union members are employed at a Raytheon plant in Andover, Mass., the Boston suburb where Raytheon makes Patriot missiles.
Results of the vote were not available. A union spokesman couldn't immediately be reached for comment.