Steel Products
March 13, 2023
UAW Ratifies Labor Deal with Caterpillar
Written by David Schollaert
The United Autoworkers (UAW) union announced on Sunday, March 2, they have agreed to a new labor pact with Caterpillar Inc. after UAW members ratified the terms of a new, six-year collective agreement.
A tentative pact was settled ahead of the expiration of a prior contract on March 1, according to both parties. The UAW and the Irving, Texas-based heavy equipment maker had been negotiating toward a new deal since Jan. 5.
On Sunday, UAW members across four locals in Illinois and Pennsylvania ratified their new contract with Caterpillar.
The terms of the contract are effective immediately, UAW said in a statement.
“We commend the UAW-Caterpillar bargaining team for their hard work and UAW membership for their solidarity and support throughout this process,” the union said.
“We are pleased to have reached what we believe to be a fair, reasonable and comprehensive agreement,” Caterpillar said in a statement.
The new four-year labor pact covers roughly 7,000 hourly production employees within Caterpillar’s Central Illinois and York, Pa., facilities.
By David Schollaert, david@steelmarketupdate.com
