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UAW members ratify contract at eight Dana locations (7 states)

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Omaha Steve Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-25-07 07:36 PM
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UAW members ratify contract at eight Dana locations (7 states)
Source: WTVG-TV

UAW members at Dana plants in Indiana, Kentucky, Michigan, Missouri, Ohio, Pennsylvania and Texas approved a new four-year agreement that protects wages and health care for active workers, and pensions and health care for retired workers.

The agreement, which also covers members of the United Steelworkers (USW) at three facilities in Indiana and Kentucky, also brings a commitment from investment firm Centerbridge Partners to invest $500 million and to sponsor a reorganization plan that allows Dana to emerge from bankruptcy.

"Our UAW and USW bargaining teams worked very hard to craft this deal," said UAW President Ron Gettelfinger. "We are extremely pleased that an overwhelming majority of members voted to ratify the agreement."

"This agreement creates a path to success for Dana, Dana workers and the communities where we live and work," said UAW Vice President Bob King, who directs the union's Independents, Parts and Suppliers Department. "It protects our members and retirees, and for the first time we negotiated a commitment from the company to source work to UAW- and USW-represented plants."

Read more: http://abclocal.go.com/wtvg/story?section=local&id=5510716



Video at link.
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