Revenue Agenda
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Revenue Agenda
No Result
View All Result
Home Editor's Pick

Mack Trucks employees go on strike after rejecting contract

by
October 10, 2023
in Editor's Pick
0
Mack Trucks employees go on strike after rejecting contract
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Workers at Mack Trucks have gone on strike Monday after rejecting a proposed contract between the company and the United Auto Workers union.

The union released a letter on X, formerly known as Twitter, that said 73% of UAW members voted against the contract and would walk off the job at 7 a.m. ET. About 4,000 UAW members work at Mack Trucks in three states.

UAW President Shawn Fain wrote in a letter addressed to the company that the two sides now need to settle issues include wage increases, cost of living allowances, job security and pensions.

‘We are surprised and disappointed that the UAW has chosen to strike, which we feel is unnecessary,’ Mack Trucks President Stephen Roy said in a news release.

Mack Trucks says terms of that deal included a 10% wage increase in the first year and a compounded 20% increase to pay over the course of the five-year agreement, with a guarantee of no increases in health insurance premiums.

Mack Trucks is owned by Volvo, so the new strike is separate from the UAW dispute with Detroit’s Big Three.

Since Sept. 15, about 25,000 workers have walked off the job in an escalating series of strikes against Ford, General Motors and Stellantis, which makes cars under brands such as Jeep, Dodge and Chrysler.

In its statement, Mack Trucks pointed to the UAW’s classification of the proposal as ‘a record contract for the heavy truck industry.’

The rejected agreement between the union and Mack Trucks may be a record, but it also falls short of the terms the UAW and the Big Three have discussed. The union is seeking a 40% pay increase for those members and says Ford, GM and Stellantis have all offered increases of around 20%.

In his statement, Roy suggested those kinds of increases were not realistic in the trucking industry.

‘The UAW called our tentative agreement ‘a record contract for the Heavy Truck industry,’ and we trust that other stakeholders also appreciate that our market, business, and competitive set are very different from those of the passenger car makers,’ he said.

This post appeared first on NBC NEWS
Previous Post

Jordan creeps ahead of Scalise in public House GOP support before speaker vote Wednesday

Next Post

Will Hurd ends long-shot GOP presidential campaign, endorses Nikki Haley

Next Post
Will Hurd ends long-shot GOP presidential campaign, endorses Nikki Haley

Will Hurd ends long-shot GOP presidential campaign, endorses Nikki Haley

  • Trending
  • Comments
  • Latest
Top 10 Potash Countries by Production (Updated 2024)

Top 10 Potash Countries by Production (Updated 2024)

August 21, 2024
Top 10 Phosphate Countries by Production (Updated 2024)

Top 10 Phosphate Countries by Production (Updated 2024)

August 1, 2024
Top 10 Cobalt Producers by Country (Updated 2024)

Top 10 Cobalt Producers by Country (Updated 2024)

September 19, 2024
Sen. Peter Welch says Israel ground invasion would ‘exacerbate’ conditions in Gaza: ‘Grave concerns’

Sen. Peter Welch says Israel ground invasion would ‘exacerbate’ conditions in Gaza: ‘Grave concerns’

October 24, 2023
E-Power Resources Inc. Announces Flow-Through and Hard Dollar Private Placements to Fund Summer Work Program

E-Power Resources Inc. Announces Flow-Through and Hard Dollar Private Placements to Fund Summer Work Program

0
New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

0

Pennsylvania House clears tax credits for new teachers, nurses, police officers

0
Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

0
E-Power Resources Inc. Announces Flow-Through and Hard Dollar Private Placements to Fund Summer Work Program

E-Power Resources Inc. Announces Flow-Through and Hard Dollar Private Placements to Fund Summer Work Program

June 12, 2025
Peter Krauth: Silver Price Running, Stocks Exploding — What’s Next?

Peter Krauth: Silver Price Running, Stocks Exploding — What’s Next?

June 12, 2025
Nuclear Recharge: Eclipse and Oklo Pen Deals Amid Global Clean Energy Push

Nuclear Recharge: Eclipse and Oklo Pen Deals Amid Global Clean Energy Push

June 12, 2025
FireFly Metals to Add AU$95 Million to Coffers With Equity Raising

FireFly Metals to Add AU$95 Million to Coffers With Equity Raising

June 12, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

Error: Contact form not found.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent News

E-Power Resources Inc. Announces Flow-Through and Hard Dollar Private Placements to Fund Summer Work Program

E-Power Resources Inc. Announces Flow-Through and Hard Dollar Private Placements to Fund Summer Work Program

June 12, 2025
Peter Krauth: Silver Price Running, Stocks Exploding — What’s Next?

Peter Krauth: Silver Price Running, Stocks Exploding — What’s Next?

June 12, 2025
Nuclear Recharge: Eclipse and Oklo Pen Deals Amid Global Clean Energy Push

Nuclear Recharge: Eclipse and Oklo Pen Deals Amid Global Clean Energy Push

June 12, 2025
FireFly Metals to Add AU$95 Million to Coffers With Equity Raising

FireFly Metals to Add AU$95 Million to Coffers With Equity Raising

June 12, 2025
  • About us
  • Privacy Policy
  • Terms & Conditions
  • About us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 revenueagenda.com | All Rights Reserved

No Result
View All Result
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy

Copyright © 2025 revenueagenda.com | All Rights Reserved