Now that the Bureau of Labor Statistics no longer provides information on collective bargaining settlements, Bloomberg BNA is the only source for complete wage and benefit settlements. We collect information on contract settlements reported through newspapers, union publications, and direct reports to Bloomberg BNA. This exclusive summary of changes negotiated under collective bargaining agreements also addresses working conditions, term of the contract, location of the parties, and more. The database is also searchable by trends in employment practices, benefits, and other contract provisions such as subcontracting, incentive pay plans, and job security. The database begins with January 1987 and is updated biweekly.
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CONTRACT SETTLEMENT SUMMARIES REPORT
(Please note: reports are available in Excel or HTML format)
September 29, 2011
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Employer:
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Caterpillar Inc
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Union(s):
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Auto Workers (7 locals)
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Industry:
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manufacturing (SIC 3531)(NAICS 33312)
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Location:
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Colorado, Illinois, Pennsylvania & Tennessee , MU
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Term:
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6-yr contract ratified 3-6-2011 expires 3-1-2017
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Workers:
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covers approximately 9,500 p&m workers
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Increase:
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none over term 1st yr, 2nd yr, 3rd yr, 4th yr, 5th yr, 6th yr, $3,000 ratification bonus initially, $1,000-2,000 bonus 11-10-2011, 11-10-2012, 3% increase for workers hired after 1-10-2005 3rd yr, $1,000 per yr min incentive payment 3rd yr, 4th yr, 5th yr, 6th yr, maintained 2-tier wage structure over term
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Other Provisions:
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15% (was 10%) worker contrib to H&W ins premium, increased H&W ins deductible & stop-loss, 1-2012, increased H&W ins deductible & stop-loss, 1-2013, increased H&W ins deductible & stop-loss, 1-2014, 20% worker contrib to H&W ins premium, increased H&W ins deductible & stop-loss, 1-2015, new 401(k) retirement plan w/ co contrib for new hires, defined benefit plan frozen, 1-2016
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Employer:
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Honeywell International Inc
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Union(s):
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USW Local 7-669
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Industry:
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manufacturing (SIC 3724)(NAICS 336412)
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Location:
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Metropolis , IL
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Term:
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3-yr contract ratified 8-2-2011
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Workers:
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covers approximately 230 workers
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Increase:
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none 1st yr, 1% 2nd yr, 2% 3rd yr
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Other Provisions:
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new pens plan for new hires, increased worker contrib to H&W ins premium, new subcontracting rules, initially
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Nonsubscribers can request searches by contacting Research & Custom Solutions or call to request information from the databases at 1.800.372.1033, Option 5, then Option 3.