Caterpillar Inc., which produces heavy duty construction equipment, has for the time being avoided a walkout by workers at four of its facilities. It currently has a tentative agreement with the workers’ union, UAW, but it must be ratified by members. About 7,000 workers would be benefits are stand-out issues that have led to the threat of a strike. Labor shortages are rife across the U.S., which may have contributed to Caterpillar’s readiness to come to the table.
Read the full story by Reuters News, published March 1, 2023, here:https://www.reuters.com/business/caterpillar-workers-reach-deal-with-union-averting-possible-strike-2023-0
