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Lockheed, Union Agree to Meet Federal Mediators

Reuters (06/18/12) Andrea Shalal-Esa; A. Anathalakshmi

Lockheed Martin Corp. and the International Association of Machinists and Aerospace Workers have agreed to meet Wednesday with federal mediators to settle a strike that started more than eight weeks ago. Lockheed, which has been under pressure from the Pentagon to cut its pension and labor costs, has been hiring temporary employees. Last week the U.S. National Labor Relations Board dismissed three unfair labor practice charges filed by the union against the company.