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The IUE-CWA is the largest of the GE unions; others include the IAM, UAW, IBEW, USW, IFPTE, and UA.
GE's existing four-year national contracts with the IUE-CWA and the UE expire at midnight tonight.
Reportedly, the representatives of both the unions are recommending acceptance of the tentative agreement to the IUE-CWA negotiating committee and the conference board.
Also, delegates from the IUE-CWA and the UE are expected to meet early this week to review the tentative agreement and decide whether to submit it to members for a ratification vote.
"Leadership from Governor Steve Beshear, Mayor Jerry Abramson, IUE-CWA President Jerry Carney and many others will help rebuild America's manufacturing base, create jobs and enable innovative, energy-efficient American-made products to be competitive in the marketplace."
Producing the hybrid electric water heater in Louisville, starting in the second half of 2011, was also made possible by a May 27 vote by GE's local IUE-CWA union membership that demonstrated a spirit of cooperation and lowered labor costs to the level GE needed to competitively produce its new innovative water heater.
IUE-CWA Local 201 joined forces with Jobs With Justice, as well as senior groups, the state nurses' association and low-income organizations, to hold a community rally for healthcare reform.
'The events of next year are in GE's hands,' IUE-CWA President Edward Fire said.
IUE-CWA said it represents 50,000 active and retired members at GE.
The IUE-CWA represents about 7,900 GE employees and the UE about 3,100 employees.
Diversified infrastructure and finance company, GE (NYSE:GE) disclosed on Monday that it has commenced negotiations with the International Union of Electronic Workers/Communications Workers of America (IUE-CWA) for a new national contract.