Stock Market News

Harley-Davidson and union employees ratify bargaining agreement

2022.08.17 20:58

Harley-Davidson and union employees ratify bargaining agreement
Harley-Davidson and union employees ratify bargaining agreement

Budrigannews.com – 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.

Source

Harley-Davidson and union employees ratify bargaining agreement

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 103,228.66 0.78%
ethereum
Ethereum (ETH) $ 2,339.32 5.98%
tether
Tether (USDT) $ 1.00 0.03%
xrp
XRP (XRP) $ 2.37 2.84%
bnb
BNB (BNB) $ 661.42 5.78%
solana
Solana (SOL) $ 171.68 6.33%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.209463 8.12%
cardano
Cardano (ADA) $ 0.78096 3.22%
tron
TRON (TRX) $ 0.263531 3.51%
staked-ether
Lido Staked Ether (STETH) $ 2,337.22 5.99%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 103,185.65 0.75%
sui
Sui (SUI) $ 3.96 3.28%
chainlink
Chainlink (LINK) $ 16.05 2.37%
avalanche-2
Avalanche (AVAX) $ 23.49 6.32%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,806.63 5.95%
stellar
Stellar (XLM) $ 0.300242 2.96%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 7.47%
hedera-hashgraph
Hedera (HBAR) $ 0.204092 5.52%
the-open-network
Toncoin (TON) $ 3.32 3.99%
bitcoin-cash
Bitcoin Cash (BCH) $ 415.55 0.07%
hyperliquid
Hyperliquid (HYPE) $ 24.58 4.32%
leo-token
LEO Token (LEO) $ 8.73 1.40%
usds
USDS (USDS) $ 1.00 0.00%
litecoin
Litecoin (LTC) $ 103.43 9.21%
polkadot
Polkadot (DOT) $ 4.98 11.24%
weth
WETH (WETH) $ 2,341.80 6.09%
monero
Monero (XMR) $ 316.00 5.91%
bitget-token
Bitget Token (BGB) $ 4.83 7.63%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,498.01 6.07%
pepe
Pepe (PEPE) $ 0.000013 17.48%
pi-network
Pi Network (PI) $ 0.738893 10.04%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.18%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 103,206.65 0.67%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.04%
whitebit
WhiteBIT Coin (WBT) $ 30.34 0.27%
uniswap
Uniswap (UNI) $ 6.43 3.92%
bittensor
Bittensor (TAO) $ 435.44 3.52%
near
NEAR Protocol (NEAR) $ 2.94 6.85%
aptos
Aptos (APT) $ 5.64 1.60%
dai
Dai (DAI) $ 1.00 0.01%
okb
OKB (OKB) $ 54.68 3.88%
ondo-finance
Ondo (ONDO) $ 1.01 3.91%
aave
Aave (AAVE) $ 211.54 3.14%
susds
sUSDS (SUSDS) $ 1.05 0.04%
internet-computer
Internet Computer (ICP) $ 5.51 5.82%
ethereum-classic
Ethereum Classic (ETC) $ 19.28 4.40%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
crypto-com-chain
Cronos (CRO) $ 0.101742 3.04%
official-trump
Official Trump (TRUMP) $ 14.23 4.43%