May 28 (Reuters) - Union members at General Dynamics' ( GD )
Electric Boat submarine-making unit have voted to ratify
a new contract, the United Auto Workers said on Wednesday.
The union, representing over 2,400 marine drafters at
Electric Boat, said 85% voted in favor of the ratification of
the new five-year agreement which secures a 30% wage increase
over the life of the contract and an improved wage progression.
In total, members will see a cumulative $115,000-per-member
increase in total compensation during the agreement, UAW said.
The ratification comes over a month after members authorized
a strike, demanding cost-of-living adjustments (COLA) to keep up
with inflation.
Electric Boat is a part of the defense contractor's marine
systems segment, which assembles nuclear-powered submarines for
the U.S. Navy.
(Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Devika
Syamnath)