TECH - UAW Workers At Volvo's Mack Trucks Reject Contract Opt For Strike | Benzinga
Approximately 4,000 members of the United Auto Workers (UAW) at Volvo Group(OTC:VLVLY)-owned Mack Trucks have voted against a proposed contract, opting instead to go on strike, as reported by the UAW.
Axios reported that the strike began at 7 a.m. on Monday after 73% of UAW members at Mack Trucks voted against the proposed deal. The company had offered a 20% increase in general wages over five years.
The rejected contract also promised a 10% general wage increase in the first year for all employees, and a guarantee of no increases in health insurance premiums throughout the term of the contract, as per a statement by Mack Trucks.
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This strike action adds to the ongoing situation where 25,000 UAW members have been on strike against General Motors (NYSE:GM), Ford (NYSE:F), and Stellantis (NYSE: