CHICAGO Workers 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.