The Teamsters union representing many workers at Sikorsky Aircraft in Stratford has voted in favor of a deal that will bring production of a new heavy lift helicopter to Connecticut. But the package also means a 25 percent pay cut for workers who are hired from 2017 onward.
The state of Connecticut has promised a $220 million aid package for Sikorsky’s parent, Lockheed Martin to keep the work here. More than half of the 4,000 union members at the company took part in the vote; just 140 voted against the deal.
Frontier Threatens Cuts
Frontier Communications has threatened to make cuts in its business operations, because of the impact of proposed new rules from the Federal Communications Commission. The FCC may place new limits on what phone companies can charge to other businesses to use their infrastructure, saying competitive pricing is not operating strongly enough in this market.
In response, Stamford-based Frontier said it may make incremental reductions in expenses. It did not detail whether that may mean job cuts.
Cigna, Anthem Emails May Be Evidence
An adviser to the judge overseeing a huge health insurance merger case said the two parties, Anthem and Cigna, should be required to reveal documents in which they accuse each other of breaching their merger agreement.
Letters and emails between the two companies may become evidence in the Justice Department’s lawsuit, which is challenging the $48 billion deal. That's according to Richard Levie, who has been appointed Special Master in the case.
Anthem and Cigna argue the documents shouldn’t be released because they’re privileged communications.
