Caterpillar workers deal rejected


24 February 1998


Caterpillar workers deal rejected


CATERPILLAR refused to disclose whether it would make a new attempt to secure a labour agreement with its unionised workers after employees rejected a tentative pact, recommended by leaders of the United Auto Workers Union, on Sunday night.


The agreement would have given workers a pay rise of 2%-4% plus three lump sums, each worth 3% of salary, over the contracts life. It would have also increased pension payments. The deal would have covered four plants.


The initiative is now thought to lie with the company.



  • Financial Times 24/02/98 page 6

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