Mack Trucks workers get 19% raise over 5 years in UAW contract

Workers will receive a 19% pay hike over five years under an agreement with Volvo Group-owned Mack Trucks and the United Auto Workers, according to a summary of the tentative agreement seen by Reuters.

Workers must still ratify the agreement covering 4,000 hourly workers that includes a $3,500 ratification bonus, improved retirement benefits, additional vacation for some employees and a reduction in the time needed to get to top pay. The agreement includes an immediate 10% pay hike upon ratification.

The benefits include another $1,000 annual payment to 401(k) plans to offset retirement health care costs for hires since 2009 and pension benefit increases along with maintaining the current health care plans with some modest increases in copays but no hike in weekly health care contributions.

“The terms of this tentative agreement would deliver significantly increased wages and continue first-class benefits for Mack employees and their families,” Mack President Stephen Roy said in a statement earlier this week.

Mack, founded in 1900, is one of North America’s largest manufacturers of medium-duty and heavy-duty trucks, engines and transmissions. Its trucks are sold in nearly 30 countries.

Source: https://www.autoblog.com/2023/10/05/mack-trucks-workers-get-19-raise-over-5-years-in-uaw-contract/

Source: https://webfulnet.com/

Accessibility Dashboard

Accessibility settings have been reset

Help = available voice commands

Hide help = available voice commands

Scroll down = available voice commands

Scroll up = available voice commands

Go to top = available voice commands

Go to bottom = available voice commands

Tab = available voice commands

Tab back = available voice commands

Show numbers = available voice commands

Hide numbers = available voice commands

Clear input = available voice commands

Enter = available voice commands

Reload = available voice commands

Stop = available voice commands

Exit = available voice commands