The United Auto Workers (UAW) union said members at four local chapters working at Caterpillar have voted in favor of a new six-year labor contract with the firm, preventing a strike at the world's largest construction and mining equipment-maker.
Local union leaders at Caterpillar said in a statement that they were pleased to have reached an agreement with management to avoid a strike that its rivals Deere & Co.Rank and file union workers at the company have expressed anger and frustration over the deal, saying that wage increases weren't commensurate in the face of rising inflation.
But some members believe the new contract is the best CAT has offered in years, after they agreed to company concessions in previous deals that froze wages during the great recession. "It's a decent contract and I just want it behind us at this point," a 40-year-old lathe operator who has worked at a Caterpillar plant in Peoria, IL since 2006 told Reuters, but the operator was not authorised to speak to the media.
The UAW's contract ratification with Caterpillar comes just six months ahead of the deadline for the union and the three Detroit automakers concluding new master contracts covering roughly 143,000 workers.
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