Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Pratt & Whitney workers approve contract, ending strike; deal keeps work in Connecticut
    Finance

    Pratt & Whitney Workers Approve Contract, Ending Strike; Deal Keeps Work in Connecticut

    Published by Global Banking & Finance Review®

    Posted on May 27, 2025

    2 min read

    Last updated: January 23, 2026

    Add as preferred source on Google
    Pratt & Whitney workers approve contract, ending strike; deal keeps work in Connecticut - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:innovationlabor marketfinancial communityemployment opportunities

    Quick Summary

    Pratt & Whitney workers ended a three-week strike by approving a new contract, ensuring operations in Connecticut through 2029.

    Pratt & Whitney Workers Ratify Contract, Ending Strike in Connecticut

    By Dan Catchpole

    (Reuters) -Union members at aircraft engine maker Pratt & Whitney overwhelmingly approved the company's contract offer on Tuesday, ending a three-week strike, according to the International Association of Machinists and Aerospace Workers.

    The union, representing nearly 3,000 members at two Pratt & Whitney sites in Connecticut, said the offer was approved by 74%. IAM members had rejected the company's first offer in early May.

    Under the contract, Pratt & Whitney pledged to continue to operate its two facilities in Connecticut, in East Hartford and Middletown, through 2029. Specifics of that commitment were not immediately available.

    Keeping work at the two Connecticut facilities was a top priority for the union, which had worried that work could be moved to non-union factories out of state.

    The union, which went on strike on May 5, said workers will be back on the job on Wednesday.

    Pratt & Whitney, part of RTX Corp, produces engines for Lockheed Martin's F-35 fighters and about 70% of the geared turbofan engines used in European planemaker Airbus' strong-selling A320 neo family.

    Both the union and the company praised the labor agreement.

    The contract "is a testament to the power of collective bargaining and the importance of respecting the workforce," IAM Union International President Brian Bryant said in a statement.

    The vote "reaffirms our commitment to the people, programs and communities that have powered our legacy — and will shape our next century of aviation innovation,” a Pratt & Whitney spokesperson said.

    The strike was the first in more than 20 years at the engine maker's Connecticut sites.

    The agreement is the latest in a string of contract wins for unionized manufacturing workers in the United States. In November, nearly 33,000 IAM members at Boeing approved a new four-year contract with a 38% wage increase.

    Several federal, state and local elected officials had joined striking workers on the picket line. After Pratt suspended workers' health insurance two weeks into the strike, Connecticut Attorney General William Tong accused the company of "punishing and intimidating workers for exercising their legal rights,” according to news reports.

    During the strike, Pratt reassigned some engineers to production lines as part of its contingency plan, which was first reported by Reuters.

    (Reporting by Dan Catchpole in SeattleEditing by Nick Zieminski and Leslie Adler)

    Key Takeaways

    • •Pratt & Whitney workers approved a new contract, ending a three-week strike.
    • •The contract ensures operations in Connecticut through 2029.
    • •The strike was the first in over 20 years at the Connecticut sites.
    • •Union members approved the contract by a 74% majority.
    • •The agreement is part of a trend of union contract wins in the US.

    Frequently Asked Questions about Pratt & Whitney workers approve contract, ending strike; deal keeps work in Connecticut

    1What was the outcome of the Pratt & Whitney union vote?

    Union members at Pratt & Whitney overwhelmingly approved the company's contract offer, ending a three-week strike with a 74% approval.

    2What commitment did Pratt & Whitney make under the new contract?

    Pratt & Whitney pledged to continue operating its two facilities in Connecticut, in East Hartford and Middletown, through 2029.

    3How long was the strike at Pratt & Whitney?

    The strike lasted for three weeks and was the first at the engine maker's Connecticut sites in more than 20 years.

    4What concerns did the union have prior to the contract approval?

    The union was worried that work could be moved to non-union factories out of state, making it a top priority to keep work at the Connecticut facilities.

    5Who praised the labor agreement and why?

    Both the union and the company praised the labor agreement, highlighting its importance to collective bargaining and the workforce's value.

    More from Finance

    Explore more articles in the Finance category

    Image for Libya's coast guards tow damaged Russian LNG tanker away from its shores
    Libya's Coast Guards Tow Damaged Russian Lng Tanker Away From Its Shores
    Image for UK supermarket Morrisons sales growth improves, alert to impact of Iran war
    UK Supermarket Morrisons Sales Growth Improves, Alert to Impact of Iran War
    Image for Germany unveils climate plan to cut emissions, fossil fuels
    Germany Unveils Climate Plan to Cut Emissions, Fossil Fuels
    Image for Sterling steady as traders remain cautious about efforts to end Iran war
    Sterling Steady as Traders Remain Cautious About Efforts to End Iran War
    Image for Dutch gas storage levels hit lowest level in years
    Dutch Gas Storage Levels Hit Lowest Level in Years
    Image for London's FTSE 100 climbs on prospects of Middle East ceasefire 
    London's FTSE 100 Climbs on Prospects of Middle East Ceasefire 
    Image for Analysis-Ukraine faces new Russian offensive as peace talks stall
    Analysis-Ukraine Faces New Russian Offensive as Peace Talks Stall
    Image for German army eyes AI tools to expedite wartime decision-making
    German Army Eyes AI Tools to Expedite Wartime Decision-Making
    Image for Hungary to curb gas flows to Ukraine until Druzhba oil flows resume, Orban says
    Hungary to Curb Gas Flows to Ukraine Until Druzhba Oil Flows Resume, Orban Says
    Image for NatWest to sell HR consultancy unit Mentor in streamlining push, Sky News reports
    NatWest to Sell HR Consultancy Unit Mentor in Streamlining Push, Sky News Reports
    Image for Italy's growth outlook darkens due to Iran conflict, business lobby says
    Italy's Growth Outlook Darkens Due to Iran Conflict, Business Lobby Says
    Image for Denmark's prime minister hands in government resignation after election defeat
    Denmark's Prime Minister Hands in Government Resignation After Election Defeat
    View All Finance Posts
    Previous Finance PostCiti's Polish Unit to Sell Consumer Banking Business to Velobank
    Next Finance PostJudge in Diego Maradona's Homicide Trial in Argentina Stands Down Amid Scandal