Caterpillar, Union Reach Tentative Deal on New Contract
March 01 2023 - 10:10AM
Dow Jones News
By Bob Tita
Caterpillar Inc. workers represented by the United Auto Workers
union said they have reached a tentative agreement on a new
contract with the construction equipment manufacturer as the
union's six-year contract with the union expired early
Wednesday.
The union said it wouldn't release details of the deal until
members are briefed on the agreement and vote on it and didn't
reveal a date for the ratification vote.
The union represents about 7,000 hourly employees at assembly
plants and warehouses in Illinois and Pennsylvania.
Caterpillar shares were up 1.3% in pre-market trading, at
$242.59.
Write to Bob Tita at robert.tita@wsj.com
(END) Dow Jones Newswires
March 01, 2023 09:55 ET (14:55 GMT)
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