Consumer electronics company Apple (AAPL) has reached its first ever labour deal with a union representing its employees.
The iPhone maker and International Association of Machinists union that represents retail workers at an Apple store in Towson, Maryland have agreed to a tentative labour agreement.
The deal is the first labour agreement for any U.S. workers of Apple.
Workers at the Apple store voted to join the Machinists union in June 2022 and have since been negotiating their first contract.
The labour deal at Apple comes as other rank-and-file workers vote to unionize at companies ranging from Amazon (AMZN) to Starbucks (SBUX).
The Machinists union said the deal reached with Apple includes scheduling improvements, pay increases of 10% over three years, as well as job protections and severance pay.
The labour deal at the Towson Apple store still needs to be approved by a majority of the 85 workers who would be covered by the agreement.
Apple has about 270 Apple stores in the U.S., which are all owned by the company.
Only one other Apple store, located in Oklahoma City, has voted to unionize, choosing to join the Communications Workers of America union. That group has yet to reach a labour deal.
The stock of Apple has risen 17% so far in 2024 to trade at $217.96 U.S. per share.
