Congratulations to our new members at The Bionetics Corporation in Heath, OH on ratifying their first agreement today, January 22nd, by a 91% margin. Our recently organized Brothers and Sisters fall under the Service Contract Act (SCA) guidelines, which allow for wages, benefits, and working conditions to be set by union bargaining.
Members received substantial initial wage increases in the agreement, in addition to a 2.5% wage increase in the first year and 3% wage increase in each additional year of the contract life. Hourly wage rates range from $21 to $41, and include paid benefits previously unprovided.
Members now receive extra paid time of 48 hours per year, paid bereavement, and a peak of $1.25 per hour over the course of the new agreement into the IAM Pension. In addition, the new agreement includes increases in healthcare and to the 401k Savings Plan, the company at its cost will invest up to $2 per hour for every hour worked into an employee’s 401k.
Congratulations and Welcome to the IAM Family!