* New contract to expire June 2014
* Includes pay raises, profit sharing
DETROIT, March 22 About 2,500 members of the
United Auto Workers ratified a new three-year labor contract
with auto parts maker Dana Holding Corp (DAN.N), providing them
with pay raises and a profit-sharing plan.
A majority of the workers at 13 Dana plants approved the
agreement over the weekend and through Tuesday, the union said.
It is the first deal between the UAW and Dana since the auto
parts supplier emerged from Chapter 11 bankruptcy in January
"The new contract provides members with the first-ever Dana
profit-sharing plan, a combination of general wage increases
and lump sums, and despite tremendous increases in the cost of
health care, UAW members maintained their current level of
benefits while keeping premium share increase at minimal
levels," UAW Vice President Cindy Estrada said in a statement.
A spokesman for Dana, which makes axles, driveshafts and
transmissions for automakers, declined to comment on the vote.
The contract will expire in June 2014.
Dana also is awaiting a ratification vote by workers
represented by the United Steelworkers union.
(Reporting by Ben Klayman in Detroit; Editing by Derek Caney)