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CONTRACT SETTLEMENT SUMMARIES REPORT (Please note: reports are available in Excel or HTML format) September 29, 2011
Employer:
Caterpillar Inc
Union(s):
Auto Workers (7 locals)
Industry:
manufacturing (SIC 3531)(NAICS 33312)
Location:
Colorado, Illinois, Pennsylvania & Tennessee , MU
Term:
6-yr contract ratified 3-6-2011 expires 3-1-2017
Workers:
covers approximately 9,500 p&m workers
Increase:
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
Other Provisions:
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
Honeywell International Inc
USW Local 7-669
manufacturing (SIC 3724)(NAICS 336412)
Metropolis , IL
3-yr contract ratified 8-2-2011
covers approximately 230 workers
none 1st yr, 1% 2nd yr, 2% 3rd yr
new pens plan for new hires, increased worker contrib to H&W ins premium, new subcontracting rules, initially