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  4. Harley-Davidson and union employees ratify bargaining agreement
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Harley-Davidson and union employees ratify bargaining agreement

By Bianca Flowers (Reuters) - Harley-Davidson Inc (NYSE:HOG) and union employees at the manufacturer's York, Pennsylvania, facility voted on Tuesday night to ratify a five-year...
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Harley-Davidson and union employees ratify bargaining agreement © Reuters. FILE PHOTO: The logo of U.S. motorcycle company Harley-Davidson is seen on one of their models at a shop in Paris, France, August 16, 2018. REUTERS/Philippe Wojazer

By Bianca Flowers

(Reuters) - Harley-Davidson Inc (NYSE:HOG) and union employees at the manufacturer's York, Pennsylvania, facility voted on Tuesday night to ratify a five-year contract agreement for wage increases and improved benefits for plant workers.

The agreement comes as union workers across the machinery and aerospace sectors push for better retirement benefits, fair wages amid high inflation and safer working conditions. Earlier this month, Boeing (NYSE:BA) Co managed to avert a strike by union workers after the company revised its contract offer.

The International Association of Machinists and Aerospace Workers (IAM), which represents 1,300 Harley workers and 2,500 Boeing employees, said in a statement that members' resilience had secured a better contract. Union employees voted unanimously to reject a tentative contract between Harley and IAM officials in June.

The union did not detail all changes in the contract, but said the agreement ended a two-tier wage system, in which Tier 2 workers were paid $5 per hour less than Tier 1 workers who were hired before 2010.

"The solidarity paid off, and together the membership won the day, eliminating the two-tier wage system," Kermit Forbes, district representative for IAM, said in the statement.

Harley-Davidson was pleased with the outcome, a spokesman said on Wednesday.

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 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
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 US Coffee C213.73↑ Sell
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 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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