Striking Caterpillar Workers Ratify 6-Year Contract
Striking workers at a Caterpillar hydraulic parts factory in Joliet, Ill., voted today to ratify a proposed six-year contract, ending a nearly 16-week strike.
The 800 workers, members of Machinists (IAM) Local 851, will receive a $3,100 ratification bonus, well above the $1,000 Caterpillar initially offered. Workers hired after 2005 will receive an automatic 3 percent raise annually for the life of the contract.


