An analysis of data compiled by Bloomberg BNA through February 20 showed that the average first-year wage increase for all settlements was 2.5 percent, compared with 2.8 percent reported in the same period in 2016. The median first-year wage increase for settlements reported to date in 2017 was 2.3 percent, compared with 2.4 percent, and the weighted average was 2.3 percent, the same percent reported in 2016. When lump-sum payments were factored into wage calculations, the all-settlements average first-year increase to date in 2017 was 2.7 percent, compared with 2.9 percent reported in the year-ago period. Median and weighted average increases were each 2.3 percent, compared to the 2.5 and 2.4 percent increases, respectively, reported in 2016. The all-settlements (excluding construction and state and local government) average increase was 3 percent, the same as reported in 2016; the median was 2.7 percent, compared with 2.5 percent; and the weighted average was 2.4 percent, compared with last year’s 2.3 percent.     

Members of Local 1145 of the International Brotherhood of Teamsters (the Teamsters) ratified a four-year contract covering 950 workers at four Honeywell plants in the Minneapolis-St. Paul area. The contract provides for six days of paid time off, annual wage increases totaling 8.5 percent, pay bumps for Teamsters-represented group leaders, and either a $2,000 company contribution to employees’ health saving account or a lump sum payment for those employees not enrolled in the company’s health plan. Under the contract, the employees’ pension plan will be frozen and benefits will stop accruing on December 31, however, Honeywell will match up to 50 percent of an employee’s 401(k) contribution up to the first 6 percent of wages.     

Members of Teamsters Locals 1508 and 9 ratified a five-year contract covering 358 workers at two Honeywell plants in Green Island, N.Y. and South Bend, Ind., ending a nine-month lockout. The contract provides workers with three 2 percent wage increases over the contract term, and three additional vacation days. Under the contract, employees will be moved to a health care plan requiring $1,500 deductibles for individuals and $3,000 for families. Pension plan contributions will continue to be frozen for 90 days after ratification and employees hired after May 4, 2016 will not be eligible for pension benefits.      

The Air Line Pilots Association (ALPA) and Hawaiian Airlines reached an agreement in principle covering nearly 600 pilots. If ratified, the multiyear agreement will provide workers with a ratification bonus and future pay raises.      

Service Employees International Union (SEIU) represented nurses at University of Pittsburgh Medical Center – Altoona, ratified a new three-year collective bargaining agreement. The agreement provides nurses with a two percent pay raise in the first year and a 2.5 percent raise in the second and third years, caps healthcare premium increases at 15 percent of the prior year’s premiums, eliminates patient assignments for charge nurses, and requires that the hospital immediately hire 30 nurses. The agreement, which is retroactive to December 31, 2016, expires December 31, 2019.     

Ending a four month strike, workers at Momentive, a New York-based chemical manufacturing company, voted 378-211 to ratified a new collective bargaining agreement. Under the agreement, workers will receive a $2,000 ratification bonus and 2 percent wage increases in June of this year and June 2018. Retired workers will continue receiving monthly subsidies of $400-$800 in 2017. After 2018, retirees will receive a one-time lump sum payment of $40,000. The agreement covers 740 workers in New York and Ohio who are represented by three locals of the International Union of Electronic Workers, a CWA affiliate.      

AT&T and the CWA reached a last minute deal, averting a potential strike, to extend their labor agreement while the parties negotiate a new contract. The CWA represents over 20,000 employees in 36 states.     

After 17 months of negotiation and two brief strikes, workers at Los Angeles Medical Center (LAMC) ratified a four-year contract covering 1,300 registered nurses. The contract provides nurses with annual pay increases totaling 34 percent over the contract’s term, creates a Professional Practice Committee—a type of management liaison group made up of elected nurses, and prevents mandatory overtime assignments. This is the first agreement negotiated by CNA on behalf of nurses at LAMC. The nurses were previously represented by SEIU.     

New York City subway and bus workers ratified a 28-month contract with the Metropolitan Transportation Authority (MTA) providing for annual 2.5 percent pay raises and a $500 ratification bonus. The agreement also contains a “me too” provision which will permit reopening the contract if Long Island Rail Road (LIRR) workers obtain higher wages. The 38,000 workers covered by the contract are represented by Transport Workers Union Local 100.      

Barnard College and the UAW settled a tentative five-year agreement covering 184 contingent faculty members at the New York City University. The proposed agreement will set higher minimum rates for full-time, non-tenured faculty, provide previously ineligible faculty with health benefits, and raise the per-course pay rate for adjunct faculty.