Suggesting Finance
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Suggesting Finance
No Result
View All Result
Home Economy

UAW members ratify labor deal with Mack Trucks

News Room by News Room
November 16, 2023
Reading Time: 2 mins read
0
Ukraine finance minister says donor ‘tiredness’ growing as war drags on

(Reuters) -The United Auto Workers (UAW) union on Wednesday said about 3,900 members representing Volvo (OTC:) Group-owned Mack Trucks ratified a new five-year contract in the U.S., ending a 39-day long strike following the rejection of an earlier deal.

The UAW and Mack Trucks had reached a tentative deal in October that included a 19% pay raise, but union workers overwhelmingly rejected it and went on a strike.

The deal had also included a $3,500 ratification bonus, improved retirement benefits and a reduction in the time needed to get to top pay, but some Mack Workers complained the raise was too small to keep up with inflation.

“After 39 days on strike, UAW members at Mack Trucks have voted by 93% to ratify their new contract with significant local improvements,” the union said in a post on messaging platform X, earlier known as Twitter.

Mack Trucks said the new contract guaranteed “significant wage growth,” and covered its employees at facilities in Pennsylvania, Maryland and Florida.

However, the UAW and Mack Trucks did not reveal details of the new contract and did not reply to requests for comment.

The deal comes as the UAW is the midst of labor ratification votes at Detroit’s Big Three automakers, where workers went on strike for more than six weeks seeking better wages, working conditions and cost-of-living adjustments.

General Motors (NYSE:)’ tentative labor deal with the union closed in on ratification as the votes were counted on Wednesday. Voting at Ford (NYSE:) and Stellantis (NYSE:) is still under way, and workers at both companies were favoring ratification by comfortable margins.

Mack Trucks, which was bought by Volvo in 2000, is one of North America’s largest makers of medium-duty and heavy-duty trucks.

Read the full article here

ShareTweetSendSend

Related Posts

Small businesses report record monthly surge in price increases as inflation pressure mounts
Economy

Small businesses report record monthly surge in price increases as inflation pressure mounts

December 25, 2025
GoFundMe increasingly being used to fundraise for basic economic needs like food, housing
Economy

GoFundMe increasingly being used to fundraise for basic economic needs like food, housing

December 24, 2025
Fed cuts interest rates for third straight time amid uncertainty over labor market, inflation
Economy

Fed cuts interest rates for third straight time amid uncertainty over labor market, inflation

December 23, 2025
Fed delivers third straight rate cut but 'dot plot' projects just one cut in 2026
Economy

Fed delivers third straight rate cut but 'dot plot' projects just one cut in 2026

December 22, 2025
Disney announces major OpenAI deal, includes $1B equity investment, use of characters on Sora video platform
Economy

Disney announces major OpenAI deal, includes $1B equity investment, use of characters on Sora video platform

December 21, 2025
‘This place will win’: Business leaders say West Palm Beach is becoming America’s next big boomtown
Economy

‘This place will win’: Business leaders say West Palm Beach is becoming America’s next big boomtown

December 20, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Suggesting Finance

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • Mortgage rates fall ahead of Christmas holiday
  • Small businesses report record monthly surge in price increases as inflation pressure mounts
  • Treasury Department announces expanded HSA tax benefits under Trump law

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2023 Suggesting Finance. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2023 Suggesting Finance. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.