Former Chrysler CEO Bob Nardelli discusses the ongoing negotiation talks between the UAW and the Big Three automakers on 'The Claman Countdown.'
The United Auto Workers (UAW) announced a «tentative agreement» with Volvo Group-owned Mack Trucks just before midnight on Sunday, potentially staving off a strike by its 4,000 workers, the union and the company said.
The temporary agreement, which includes increased wages and additional benefits, comes after about 98% of the truck company's workers had authorized a strike last month. It must still be ratified before it is officially accepted.
«The terms of this tentative agreement would deliver significantly increased wages and continue first-class benefits for Mack employees and their families,» Mack President Stephen Roy said in a statement.
The UAW is currently in an ongoing strike against the Detroit 3 automakers, General Motors, Ford and Stellantis.
BIDEN TELLS STRIKING AUTOWORKERS TO ‘STICK WITH IT,’ THAT THEY ‘DESERVE’ A ‘SIGNIFICANT RAISE’
Striking United Auto Workers members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan, Sept. 29, 2023. (REUTERS/Rebecca Cook / Reuters Photos)
The company said on Thursday its bargaining teams had reached tentative agreements, but certain discussions at the time were still ongoing.
«While it is true that the parties are currently far apart on the economics, this is not unusual at this point in the negotiations, and we expect progress in the coming days,» Mack said.
FORD WARNS EXTENDED UAW STRIKE COULD RESULT IN UP TO 500,000 SUPPLIER EMPLOYEE LAYOFFS
Mack, founded in 1900, boasts on its website as being one of North America's largest manufacturers of medium-duty and heavy-duty trucks, engines and
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