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Lockheed Labor Talks Continue

April 11, 2002

ATLANTA (AP) _ Lockheed Martin officials and striking union members opened a second day of talks Thursday aimed at resolving a month-long strike.

About 2,700 members of the Machinists union have been picketing the defense contractor’s Marietta plant, north of Atlanta, since March 11 after rejecting a contract proposal Lockheed Martin officials have called their best and final offer.

Negotiators and a mediator met for about nine hours Wednesday.

Sam Grizzle, a Marietta Lockheed spokesman, said Thursday it’s unclear whether negotiators are making progress.

The sticking points in the contract include job security, pensions and health insurance. Any major changes in contract proposals must be submitted to union members for a vote, said Machinists spokesman Bob Wood.

The Marietta plant produces F-22 Raptor fighters and C-130J transports.

Workers at Lockheed operations in Meridian, Miss., and Clarksburg, W.Va., that supply materials for the Marietta plant also are on strike.

Lockheed Martin shares fell 68 cents, or 1.1 percent, to close at $60.35 Thursday on the New York Stock Exchange.


On the Net:

Lockheed strike page, http://www.lockheedmartin.com/negotiations

International Association of Machinists Local 709, http://www.local709.org

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