Newly Negotiated Wage-and-Fringe Rates Down Slightly From Last Year
Collective bargaining negotiations completed so far this year have yielded an average first-year increase in wages and fringe benefits of $1.38 or 4.0 percent, according to the Construction Labor Research Council’s (CLRC) June 2004 report.
This compares to an average of $1.45 or 4.3 percent for the comparable period in 2003. The average second-year increase for multi-year contracts negotiated so far this year is $1.47 or 4.0 percent, and the average third-year increase is $1.39 or 3.7 percent. Fifty-eight of the 89 settlements included in the report occurred in the east north central region, which covers Illinois, Indiana, Michigan, Minnesota, Ohio, West Virginia, and Wisconsin.
A copy of the brief report is posted under the topic “Collective Bargaining Agreement Data” on the Topical Resources page of the AGC web site’s Labor and Human Resources section.
Chapters bargaining this year are reminded to please send their new agreements to CLRC promptly upon settlement via e-mail at email@example.com or via regular mail at 1915 Eye Street, NW, Suite 500, Washington, DC, 20006.
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