Lufkin Industries reaches agreement with labor unions

LUFKIN, TX (KTRE) - After three weeks of negotiations, officials with Lufkin Industries reached a contract agreement with local labor unions that averted the possibility of a strike on Thursday.

The three unions, International Association of Machinists, Glass, Molders, Pottery International Union, and Boilermakers all have new deals with G.E. The three groups represent about 1200 employees.

Chris Hambrick, the president of the Local 1999 Machinists Union, said the agreement passed with a majority vote.

As part of the agreement, Lufkin Industries employees will be getting less overtime, Hambrick said. The union leader said some of the Lufkin Industries employees will be working 12-hour shifts on a rotating three-day-on, four-day-off four-day-on three-day-off schedule.

The 12-hour shifts will affect the gear cutter in the oil field, which is roughly 55 employees.

In addition, employees will receive lump sum payments at the beginning of 2015. Each year after that, the employees will receive their normal percentage raises.

The new contract agreement was the first one since the merger with GE.

The GMP and Boilermakers each agree to three-year deals. After the vote GE. issued a statement saying "the yes vote is good for G.E. Oil and Gas, Lufkin, and for the unions.

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