The management of Caterpillar and the United Steelworkers’ union ratified a new six-year labor contract in the South Milwaukee plant in Wisconsin. Employees get a $4,000 (nearly €3,000) signing bonus and pay is frozen. (Ref. 130398)
The management of Caterpillar group and the leaders of the United Steelworkers union ratified a new six-year labor contract for the South Milwaukee plant in Wisconsin. On April 30, a majority of the 800 employees working for the construction and mining equipment manufacturer rejected another contract proposal. But this time, more than 90 percent of workers voted and a short majority accepted the slightly improved deal. Thus, unions agree to a six-year pay freeze for existing employees. Wages
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