We are pleased to announce new contracts between NASSCO and both the International Brotherhood of Boilermakers, Local 1998 and the International Association of Machinists and Aerospace Workers, District Lodge No. 947, Local Lodge No. 389. The new contracts become effective on October 1, 2020.
These historic contracts are the result of significant work and preparation by the NASSCO team and the collaborative efforts by the Company and the Union. NASSCO’s goal was to recognize our employees for the valuable contributions they make to the Company’s success, while remaining competitive to provide meaningful employment for years to come; this agreement accomplishes that.
The new three-year contracts include a general wage increase and significant market adjustments to the pay rates, effective October 1, 2020. They also include additional general wage increases in each of the next two years. The contracts provide many other important programs for our employees and their families, including the continuation and enhancement of the Total Rewards package.
As we continue our mission to build and repair ships, we remain focused on our vision to be the shipyard of choice for securing our nation and fueling our economy.
If you have any questions about the contract, please reach out to your Union Steward or Labor Relations at (619) 544-8506 or 8803.