CNH AMERICA LLC AND UNITED AUTO WORKERS REACH AGREEMENT ON CONTRACT
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BURR RIDGE, IL - (March 29, 2010) - CNH America LLC, a wholly-owned subsidiary of CNH Global N.V., today announced that the United Auto Workers (UAW) voted to ratify a new six-year contract with the company. The agreement will replace the existing contract which is scheduled to expire on April 30, 2011, and will become effective at the time CNH announces the decision to manufacture additional product lines at the Burlington facility.
The agreement was reached by the company and the union on March 25, 2010 and ratified by a majority of its approximately 750 UAW represented employees today. Should this contract become effective, its expiration date would be April 30, 2016 for contracted employees at Racine, Burlington and Burr Ridge sites. ?We are very pleased with this agreement," said Harold Boyanovsky, President and CEO of CNH Global N.V. "We believe this contract sets a framework of success for employees, customers, dealers, and shareholders."
CNH Global N.V. is a world leader in the agricultural and construction equipment businesses. Supported by more than 11,600 dealers in approximately 170 countries, CNH brings together the knowledge and heritage of its Case and New Holland brand families with the strength and resources of its worldwide commercial, industrial, product support and finance organizations. CNH Global N.V., whose stock is listed at the New York Stock Exchange (NYSE:CNH), is a majority-owned subsidiary of Fiat S.p.A. (FIA.MI). More information about CNH and its Case and New Holland products can be found online at www.cnh.com.