UAW reaches agreement with auto parts maker Allison Transmission (updated)

Allison Transmission Holdings

06/01/2024 01:59

(Adds details in paragraph 2-3 and background in paragraphs
4-5)
       Jan 5 - The United Auto Workers (UAW) union has reached
an agreement with auto parts maker Allison Transmission Holdings
Inc  ALSN.N  over a tentative labor deal covering 1,500 workers
in Indianapolis, the labor group said on Friday.
    The deal includes an end to wage tiers, historic wage 
increases and gains for 401k and legacy pensions, the UAW said
in a post on X. 
    "The agreement has been endorsed by the International UAW
and Local 933 leadership and is subject to ratification by union
members", Allison Transmission said in an emailed statement to
Reuters. 
    The workers have been demanding improved terms after a labor
contract expired on Nov. 14. They had overwhelmingly voted to
reject an offer from Allison, as it refused to address "core
demands," according to the UAW.
    The worker demands follow a larger pattern of U.S. unions
pressing companies for better wages, benefits and working
conditions after concessions made during the COVID-19 pandemic. 

 (Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Sandra
Maler)
 ((Aatreyee.Dasgupta@thomsonreuters.com;))