Caterpillar and Milwaukee union reach tentative labor agreement

Thu May 30, 2013 11:48pm EDT

Related Topics

May 31 (Reuters) - Caterpillar Inc and the union representing about 800 Of its Milwaukee workers who make specialized mining machinery have reached a new, six-year tentative labor agreement, the company said.

Caterpillar, the world's largest maker of mining machinery, had said it would resume contract talks with the union on May 23, ending a two-week hiatus in discussions.

The Milwaukee workers had rejected an earlier proposed contract that, among other things, would have frozen wages and created a second, lower-tier wage level for new hires.

The existing contract covering the workers expired on April 30.

The union has scheduled a ratification vote on the new agreement for June 11. ()

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article