Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Some CNH Industrial workers in U.S. start strike -UAW union statement

Published 05/02/2022, 01:44 PM
Updated 05/02/2022, 02:18 PM
© Reuters. FILE PHOTO: Flags with CNH Industrial logo are pictured outside CNH Industrial building in Turin, Italy, February 5, 2020. REUTERS/ Massimo Pinca

CHICAGO (Reuters) -Over 1,000 CNH Industrial (NYSE:CNHI) workers in Racine, Wisconsin, and Burlington, Iowa, started a strike on Monday, the United Auto Workers union said in a statement.

The six-year contract agreement at both facilities expired at midnight on April 30.

"Our members at CNHi strike for the ability to earn a decent living, retire with dignity and establish fair work rules," Chuck Browning, Vice President and director of the UAW's Agricultural Implement Department said. He said the workers were committed to bargaining until goals are achieved.

A spokesperson for the Italian-American agricultural and construction equipment maker said in a statement that CNH Industrial "remained committed" to reaching an agreement with UAW.

"We recognize the union's decision creates high anxiety among our represented employees in Burlington and Racine. We will continue to negotiate in good faith and trust that the Union will do the same."

Factory workers at other major manufacturing companies, including Caterpillar (NYSE:CAT) and Deere (NYSE:DE) & Co., have gone on strike in the past year demanding better labor conditions and increased wages to keep pace with rising inflation.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.