PRESS RELEASE

UAW Members Approve New Pact With Lockheed Martin

14 January 1997

            UAW: UAW Members Approve New Pact With Lockheed Martin
  


    DETROIT, Jan. 13 -- UAW reports that its members at Lockheed
Martin facilities in three states have ratified a comprehensive
new national agreement with the large aerospace company, announced UAW
Secretary- Treasurer Roy O. Wyse, who directs the UAW Aerospace Department.
    Wyse said the new three-year agreement was approved by a 76 percent
majority in voting held on Sunday, January 12.  The agreement covers a total
of approximately 2,000 members of UAW Locals 738 at Baltimore, Maryland; 766
at Denver, Colorado; and 788 at Orlando, Florida.
    The ratification vote followed a series of intensive negotiations,
including a final marathon round of bargaining in which the agreement was
reached in the early morning hours of Saturday, January 11, by the UAW-
Lockheed Martin National Negotiating Committee and representatives of the
company.  The prior agreement expired on November 1, 1996.
    Key highlights of the new agreement include an up-front, lump-sum payment
of up to $2,500 for each worker, representing past cost-of-living adjustment,
plus an initial general wage increase of 3 percent, effective today.  Three
percent lump-sum payments were attained for each of the second and third years
of the agreement.  The UAW negotiated resumption of quarterly COLA
adjustments, based upon the traditional adjustment formula, of up to 17 cents
per hour in each year of the agreement, with the first adjustment to be
effective February 10, 1997.
    Among other gains were provision of Christmas Eve as a paid holiday,
providing for unbroken Christmas-through-New Year's shutdowns in each year.
Health care protections were maintained at full company expense.  Pension
benefits are increased by 16 percent, to a new level of $37 per month per year
of credited service, effective January 1, 1997 for workers retiring under the
new agreement.  The gains also include improvements in the Medicare Part B
monthly premium, life insurance, accidental death and dismemberment insurance,
and sickness and accident benefits.
CONTACT: Frank Joyce of UAW Public Relations, 313-926-5291