Cat, Steelworkers Reach Tentative Agreement
The union representing about 800 workers at Caterpillar’s mining machinery operation said it has reached tentative agreement with the company on a new contract. United Steelworkers Local 1343 said in a press release that its members will meet with the union's negotiating committee on June 9 to review the proposed contract, which the committee unanimously recommended for ratification when ballots are cast on June 11.
Details of the agreement were not immediately available. The existing contract covering the former Bucyrus International workers expired on April 30. Caterpillar acquired Bucyrus, a manufacturer of large mining equipment, in 2010.
Earlier the workers rejected contract proposal that would have frozen wages for six years and allowed for temporary layoffs. The workers have remained at their jobs during the bargaining process.Edit Module