Northrop Grumman Contract Highlights - WLOX.com - The News for South Mississippi

Northrop Grumman Contract Highlights

  Industry Average Old Contract New Contract
Wages (Annually) $38,230 $38,106 $43,888
Wages (Hourly) $18.38 $18.32

1st yr - $20.00 **
2nd yr - $20.55
3rd yr - $21.10
15.2% Cumulative increase  

Attendance Bonus Varies $125 every 320 consecutive hours worked

$75 for initial 160 consecutive hours worked with no unexcused absence.
After achieving 160 hours, $20/ week can be earned each week until consecutive hour streak is broken.

Each employee could earn an additional $1,040 under this program.

Shift Premium Varies 60¢/ hour 80¢/ hour
Monthly family health care premium per employee $252/ month $144/ month

Fixed Premiums
1st yr - $151
2nd yr - $177
3rd yr - $194

Percent of Healthcare cost to employee 33% 20% 20%
Retirement Plan Benefits Vary  65% multiplier 70% multiplier
Retiree Health Generally not covered Current retired employees pay $175/ month for five years after they retire

Current retired employees continue to pay $175/ month for five years after they retire.

For employees who retire after the effective date of the new agreement, the retiree's share of the monthly premium will be set at $255 for the life of the new agreement.

In the event of a retiree's death prior to the end of the five-year eligibility period, the surviving spouse may continue coverage for the balance of the five year period, at the same monthly rate.

Length of Contract Varies 4 years 3 years
Vacation and Paid Holidays 9 paid holidays with a maximum of 160 hours of vacation 12 paid holidays with a maximum of 168 hours of vacation

12 paid holidays with a maximum of 168 hours of vacation

Increase in vacation benefits for 1-4 year employees:
1 yr - 56 hours
2 yr - 64 hours
3 yr - 72 hours
4 yr - 88 hours  

 Work week  5 - 8 hour days  4 - 10 hour days  4 - 10 hour days

**  9.2% wage increase is one of the largest first year hourly wage increase in the company's history. This initial increase was designed to quickly and directly address the economic impacts of Hurricane Katrina on Northrop Grumman employees.

Powered by Frankly