By rssfeeds-admin UAW President Shawn Fain confirmed the news shortly after 10:30 p.m. on the union’s Facebook account as the contracts of more than 800 workers at the Rolls-Royce manufacturing complex were set to expire at midnight.
Fain said the five-year agreement includes double-digit wage increases and improvements to the Cost of Living Allowance (COLA). Workers are also set to receive more profit-sharing options, vacation time and the elimination of wage tiers.
According to the union, workers at the site are responsible for manufacturing aircraft engines for U.S. government contracts.
This is the latest development after UAW members voted on Feb. 13 to authorize a strike if necessary. The vote received 99.5% approval and 86% participation, the union said at the time.
Before Wednesday’s announcement, a spokesperson with Rolls Royce shared the following statement with FOX59/CBS4:
“Rolls-Royce remains committed to good-faith negotiations with our United Auto Workers’ union partners to reach an agreement that balances competitive terms and conditions with responsible business practices. Our represented workforce employees are important to our success, and we are focused on reaching an agreement that provides fair compensation, benefits and working conditions while ensuring the long-term viability of Indianapolis component manufacturing. We continue to meet regularly and look forward to reaching a resolution that benefits all stakeholders.”
More meetings will be held before union members make a final vote on the deal.
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