The union members walked off Lockheed's F-35 production line after rejecting an April contract offer that eliminated a defined benefit pension plan for new hires and reduced the number of healthcare plan options to one HMO and a plan that featured higher employee deductibles and co-payments.
Workers felt it was unfair for the Lockheed to ask employees for concessions while management continued to collect large paychecks, bonuses and pensions.
But after seventy days of no paychecks and bills piling up, the Machinists voted 80 percent in favor of a new contract that some said was not much better than the one rejected earlier.
The four-year contract gives the 3,700 union members pay increases totaling 11 percent and a lump-sum bonus of $2,000. However, the new contract does not offer a defined pension benefit to new hires, instead the compay will offer a 401(k) retirement plan.