Transport Workers Union Local 100 settled their contract right after it expired on January 15th. We have seen the details and in this age of concessionary unionism, there are no concessions that we can see. There are also two raises for NYC subway and bus workers that beat the current inflation rate. Here are the details from the Daily News:
The deal for the 28-month contract — arriving hours after the current contract expired Sunday night — includes two raises of 2.5% over the first 26 months, plus a $500 bonus for the final two months for 38,000 subway and bus workers, according to two sources.
Not being a member of this union, I have no standing to tell them how to vote. I will say that the salary increases come to a little over 2% a year which is not horrible. It also looks like there are no givebacks. The one concern is that the TWU extended the contract to 28 months so in the future the TWU contract will expire in May.
If there ever is another transit strike, it will not come in the dead of winter; it will be in the middle of spring, unless they wait for months after their contract expires to hit the streets. That has to be seen as a win for management.