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Dear Sisters and Brothers:
Given today’s economy, the Company and the Union entered discussions to explore the feasibility of mid-term wage adjustments. We are pleased to announce an agreement has been reached which increases current base rates of pay by more than 11%! This increase will replace the current increase of 2.5% that was scheduled for September 1, 2022, and will become effective on Monday, July 11, 2022.
A new Wage Rate Chart detailing these changes will be drafted, posted and incorporated into the CBA early next week. These are the only amendments to your CBA. As such, with this benefiting all members, a ratification vote is not required. With best wishes we remain
Sincerely and Fraternally,
John M. Coveny, Jr.
President-Directing General Chair
Bill Wise
General Chair
POST ON ALL IAM BULLETIN BOARDS
