The six-year national deal between the
“Back in December when we were originally going to ratify the contracts, it was put in there that if the contract was ratified that day in December, we would pay out no later than
But since the contract isn’t in effect, according to
But the UAW national branch in
Local UAW 402 president
“We’re confident that both sides will come to an agreement that’s a win-win for us as a company and as a union,” McMillen said.
Highlights of the six-year deal include a $2,000 signing bonus, a $1,000 profit-sharing payout, and a 4-percent lump sum payment for workers this year and 3-percent lump sum payments in 2020 and 2022, according to information from the UAW.
The new deal also includes pension plan improvements, the elimination of tiered wages and language to keep the contract intact in case the company is sold or merged.
As early as 2010 the company only had 300 workers in its local plant, though. It has made a major turnaround in recent years reporting a net income of $170 million in the third quarter of 2018, up from $37 million the same quarter the previous year.
The national agreement covers
(c)2019 the Dayton Daily News (Dayton, Ohio)
Visit the Dayton Daily News (Dayton, Ohio) at www.daytondailynews.com
Distributed by Tribune Content Agency, LLC.