Nearly 4,000 members of the United Auto Workers union authorized a five-year contract with Volvo Group’s Mack Trucks unit, ending a 39-day strike on the industrial truck maker’s vegetation in Pennsylvania, Maryland and Florida.
The deal was ratified by 93% of the members voting, the union mentioned in a submit on X, previously often known as Twitter. Volvo mentioned the contract that was voted on Wednesday was largely the identical because the tentative settlement on a grasp contract that union members rejected Oct. 8.
That offered a 19% pay rise over the lifetime of the contract, beginning with a ten% improve within the first yr. In latest weeks, the negotiations targeted on revising the phrases in native contracts that cowl varied work websites.
The union mentioned the ratified contract contains “significant local improvements.”
Source web site: www.marketwatch.com