Harley-Davidson and union employees ratify bargaining agreement
Reuters
Published Aug 17, 2022 01:48PM ET
By Bianca Flowers
(Reuters) - Harley-Davidson Inc (NYSE:HOG) and union employees at the manufacturer's York, Pennsylvania, facility voted on Tuesday night to ratify a five-year contract agreement for wage increases and improved benefits for plant workers.
The agreement comes as union workers across the machinery and aerospace sectors push for better retirement benefits, fair wages amid high inflation and safer working conditions. Earlier this month, Boeing (NYSE:BA) Co managed to avert a strike by union workers after the company revised its contract offer.
The International Association of Machinists and Aerospace Workers (IAM), which represents 1,300 Harley workers and 2,500 Boeing employees, said in a statement that members' resilience had secured a better contract. Union employees voted unanimously to reject a tentative contract between Harley and IAM officials in June.
The union did not detail all changes in the contract, but said the agreement ended a two-tier wage system, in which Tier 2 workers were paid $5 per hour less than Tier 1 workers who were hired before 2010.
"The solidarity paid off, and together the membership won the day, eliminating the two-tier wage system," Kermit Forbes, district representative for IAM, said in the statement.
Harley-Davidson was pleased with the outcome, a spokesman said on Wednesday.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.