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Showing blog posts tagged with Caterpillar

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.

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Machinists Reach Tentative Contract with Caterpillar

Machinists Reach Tentative Contract with Caterpillar

Machinists (IAM) District 8 in Joliet, Ill., and Caterpillar Inc. reached a tentative contract agreement late Tuesday and members are now voting on whether to ratify it. Workers have been on strike against the heavy equipment maker since May 1.

The proposed six-year contract contains many improvements over previous offers, said District 8 Business Representative Steve Jones.

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Readers Slam Caterpillars’ Greed, 6-Year Worker Wage Freeze

Photo by peoplesworld/Flickr

On Wednesday, we asked you to tell us what you think about Caterpillar, which made $4.9 billion in profits last year, demanding the nearly 800 workers accept a six-year wage freeze, doubled health care premiums and cuts to pensions. The workers, members of Machinists (IAM) Local 851, said “NO!” and have been on strike for more than three months. On the blog and through Facebook some 200 of our readers left comments. Here’s a sample of what you told us:

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Tell Us What You Think: Caterpillar Makes Billions, Demands 6-Year Wage Freeze

Caterpillar workers and their families recently rallied against the massive giveback demands. Photo by peoplesworld/Flickr

Braving record heat and dangerous midwestern summer thunderstorms, groups of 15 members from the Machinists (IAM) Local 851 take four-hour shifts every day picketing the gates of the Caterpillar factory in Joliet, Ill. This is their 12th week on strike after Caterpillar, which made $4.9 billion in profits last year, demanded the nearly 800 workers accept a six-year wage freeze, doubled health care premiums and cuts to pensions. What do you think about Caterpillar making record profits and demanding its workers take a six-year pay freeze?

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