CNH AMERICA PRESENTS FINAL OFFER TO UNITED AUTO WORKERS
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Lake Forest, Illinois (May 3, 2004) - CNH America LLC, a wholly owned subsidiary of CNH Global N.V. (NYSE:CNH), announced today that the company presented a final contract offer to the UAW late last night.
"CNH has presented a final offer that is fair and equitable to all parties and will keep CNH competitive in the global markets we serve," Tom Graham, CNH's chief negotiator said. "Both sides worked through the weekend, and we presented our offer Sunday night. We recognize that our offer represents significant and important changes from the prior agreement, but these changes are necessary if we are to create a solid foundation for the future of these facilities and our employees."
The current 72-month contract between CNH and the UAW expired on May 2, 2004. CNH expects employees will continue reporting to work on their normal shifts. The UAW has indicated its intention to present the company's offer for a ratification vote this weekend.
The UAW represents approximately 650 CNH workers at facilities in Burlington, Iowa; Burr Ridge, Illinois; Racine, Wisconsin and St. Paul, Minnesota.
CNH is the power behind leading agricultural and construction equipment brands of the Case and New Holland brand families. Supported by 12,000 dealers in approximately 160 countries, CNH brings together the knowledge and heritage of its brands with the strength and resources of its worldwide commercial, industrial, product support and finance organizations. More information about CNH and its products can be found on line at www.cnh.com.