National Grid PLC (LON:NG.) said it has reached a “satisfactory agreement” in its contract negotiations with two US unions over employment terms and conditions to end the lock-out at its Massachusetts Gas business.
The FTSE 100-listed power distributor said the agreement is for a five-and-a-half-year contract for 1,250 employees in the Massachusetts Gas business.
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During the negotiation, National Grid said, it implemented a Work Contingency Plan to ensure that customers continued to receive a safe and reliable service.
The company said it looks forward to welcoming back employees on 21 January 2019. The 1,250 workers have been unemployed since their contract expired in late June 2018.