Accuride Corporation (NYSE: ACW) has successfully reached a new four-year collective bargaining agreement with the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW), Local 1186, which represents approximately 209 hourly associates at Accuride’s aluminum wheel manufacturing facility in Erie, Pennsylvania.
“Accuride is extremely pleased to have amicably reached a new agreement at Erie – well ahead of schedule – that will provide continued stability and competitiveness for our industry-leading aluminum-wheel production facility,” said Accuride President and CEO Rick Dauch.
“This shared achievement reflects both the strengths and talents of our Erie associates and the spirit of teamwork that exists at the facility. The agreement follows our three-year investment in new production equipment and processes that have enabled the Erie plant to achieve world-class operating standards, and provides flexibility to meet increasing customer demand as the North American commercial vehicle industry recovery continues.”
The parties’ existing collective bargaining agreement was entered into in August 2010 and will expire at midnight on September 3, 2014. The new agreement is effective September 4, 2014, through September 3, 2018.