Con Ed Workers Approve Contract

With the lockout over, Con-Ed’s unionized workers have voted to approve a new contract that includes changes to pension plans for new hires, according to the Wall Street Journal.

The contract was approved by 93 percent of union members, a union spokesman said.

Last month, over a new labor contract with its biggest union, Local 1-2 of the Utility Workers Union of America, following a four-week lockout of 8,500 workers. About 5,000 managers performed union tasks like splicing cables, responding to emergencies and stocking shelves. 

During the lockout, Prospect Heights had 72 hours of intermittent power failure for . There were repeated power disruptions to the subway, nearby apartment buildings, restaurants and the NYPD's 78th Precinct, causing .

The dispute stemmed from a proposal to move from the traditional pension plan to a cheaper plan for new hires. The tentative pact reached July 26 includes cash balance plans for new hires, and according to the agreement, traditional plans for existing employees will be protected until July 1, 2037.