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Consumer Law

Caterpillar Reaches Deal with Union After Workers Threaten to Strike

Caterpillar Inc said on Wednesday it had reached a tentative agreement with a union that represents workers at four of its facilities, dodging a possible walkout at a time when companies across the United States are dealing with widespread labor shortages.

The construction equipment maker’s new six-year agreement, which needs to be put to a vote by employees, comes after some union workers had threatened a strike as they negotiated wage increases, improved safety measures and better healthcare benefits.

Caterpillar, which has been struggling with margin pressures as input costs keep rising, has more than 100,000 employees around the world.

Read the source article at finance.yahoo.com

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