Union employees at Todd Shipyards Corp. in San Pedro on Monday overwhelmingly ratified a new three-year contract that calls for no wage increases, company and union officials announced.
Ratification of the contract marks the second consecutive time that employees have agreed to a wage freeze. The amount of work at the shipyard has declined in recent years, and hundreds of workers have lost their jobs.
"We're hoping this kind of contract will help us get more work," said George Samanc, president of Local 9 of the Industrial Union of Marine and Shipbuilding Workers.
"There is a lot of pressure by the Navy on the companies and workers to keep wages down," Samanc said. "I guess it's their way of cutting costs to build ships."