Steel Markets
UAW Ratifies Nexteer Automotive Agreement
Written by Sandy Williams
December 19, 2015
The UAW has ratified a new contract with Nexteer Automotive after rejecting a first tentative agreement just two weeks ago. The ratification averted another possible strike by the membership.
UAW Local 699, representing 3,200 workers at Nexteer, reported that 64.2 percent of voting members supported the new contract.
Changes from the original agreement include increasing the signing bonus by $500 to $2000, higher hourly wages, no cost health care and better wages for forced overtime. The agreement was also lengthened from four years to five.
“Our employees have ratified a new labor contract that establishes the principles upon which we will conduct our Saginaw manufacturing operations for the next four and a half years,” said Nexteer Vice President and Chief Human Resource Officer Mark Decker. “Nexteer is committed to continue to work diligently to optimize our global cost structure, continue to grow our customer base and strengthen our technology leadership in the global automotive market.”
Sandy Williams
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