NEW YORK Accuride Corp. has reached a new labor deal with unionized workers at its Erie, Pa., aluminum wheel manufacturing plant, it said.
The new agreement will go into effect Sept. 4, 2014, and run through Sept. 3, 2018. The existing agreement was signed in August 2010 and is due to expire Sept. 3.
The 412,000-square-foot facility has 249 employees, with 209 hourly wage workers represented by the United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) union Local 1186.
The financial terms of the deal were not disclosed, but it is a "positive contract," UAW Local 1186 president Michael Sherbin told AMM.
"We have wage increases every year for the next four years," he said. "We have a good medical plan and good overall benefits. We also negotiated a pay performance plan."
The wage increases are "modest," Accuride director of public affairs, communications and marketing Timothy G. Weir told AMM, adding that the deal helps move some workers to a defined contribution plan for retirement benefits.
"The agreement provides greater flexibility in scheduling, and will enable Accuride to respond to increases in customer volumes as the commercial vehicle industry recovery continues," Weir said, adding that the Erie plant is "one of our high-performing operations."
The deal follows a three-year investment in new production equipment and methods at the Erie plant, Accurides fourth-largest facility, it said.
Evansville, Ind.-based Accuride, which owns two sister plants in Camden, S.C., and Monterrey, Mexico, supplies automobile parts and makes components for agricultural, mining and energy equipment.