No strike?

This is as good as economic news we've had locally in a while. Sounds like GE workers and company officials have settled on an 4-year contract agreement, if union members ratify it. From the sounds of it, the union workers came out better than predicted, with a small increase in health care costs and even raises over the life of the contract.

The savings in health care, early retirement options and new hires moving to 401K plans probably help the company save costs in the long run.