at a Caterpillar Inc. plant in South Milwaukee, Wis., have
ratified a six-year collective bargaining agreement, a United
Steelworkers union Local 1343 spokesman told AMM.
The new contract will
go into effect June 17, the spokesman said. "Many of the terms
and conditions will go into effect on this date, while others
will be phased in over time. The agreement covers approximately
800 hourly production employees in the Milwaukee area."
Union members had
rejected the agriculture, mining and construction machinery
makers previous contract proposal April 30 but continued
to work while negotiations resumed, according to USW District 2
director Michael Bolton.
The plant, acquired
when Peoria, Ill.-based Caterpillar purchased Bucyrus
International Inc. in July 2011 (
amm.com, July 11, 2011), manufactures large
equipment for surface and underground mining, which Caterpillar
views as a strong global market, according to numerous investor
presentations by its executives.
Neither the union nor
the company disclosed specific terms of the new contract.