Nov 16 (Reuters) – The United Auto Workers (UAW) union said on Wednesday that about 3,900 of its members who work in Mack trucks ratified a new five-year contract, giving a month to Volvo Group (VOLVB.ST) The strike that had been going on since has ended. -Owned company.
The move comes after union workers overwhelmingly rejected a tentative agreement in October that included a 19% wage increase and a $3,500 ratification bonus, complaining that the raises were too low to keep up with inflation. Was.
Mack Trucks said that under the new contract, the average wage increase over five years will be 36%, with the average immediate increase for all covered employees being about 15%.
For employees who are not yet at the top rate, who represent about half of the total workforce, the average pay increase over five years will be 55%, the company said in an email statement Thursday, up from an average of more than 20% immediately. With salary increase. ,
Union messaging platform
Mack Trucks said the new contract covers its employees at facilities in Pennsylvania, Maryland and Florida.
The deal comes as the UAW is in the midst of labor ratification votes at Detroit’s Big Three automakers, where workers went on strike for more than six weeks demanding better wages, working conditions and cost-of-living adjustments .
General Motors (GM.N)’s tentative labor agreement with the union closed on ratification on Wednesday with votes being counted. Voting is still underway at Ford (FN) and Stellantis (STLAM.MI), and employees at both companies were in favor of ratification by comfortable margins.
Mack Trucks, which was purchased by Volvo in 2000, is one of North America’s largest manufacturers of medium-duty and heavy-duty trucks.
Reporting by Maria Ponnezhath, Shubham Kalia and Mrinmoy Dey in Bengaluru; Additional reporting by Gokul Pisharody and Barnjot Kaur; Editing by Varun HK and Anil D’Silva
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