Accuride Corporation (NYSE: ACW) has successfully reached a new four-year collective bargaining agreement (CBA) with the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW), Local 718, which represents 291 hourly associates at Accuride’s facility in Rockford, Ill.
The plant produces Gunite-brand brake drums, hubs and other wheel-end components for the North American commercial vehicle industry and is one of the country’s oldest continuously-operating manufacturers.
Accuride President and CEO Rick Dauch praised the new agreement: “Accuride greatly appreciates our Rockford associates’ commitment to creating an industry-leading, globally competitive facility. This shared achievement underscores the talent and dedication of our Rockford team and follows Accuride’s three-year, $61 million investment in new production equipment and process upgrades that is enabling them to achieve world-class quality and operating performance. This new agreement ensures that customers can rely on the dependable supply of world-class, Made-in-the-USA products from Gunite."
The parties entered into their prior CBA in November 2010. The new agreement is retroactive to November 18, 2014 and effective through March 25, 2019. It follows Accuride’s recently negotiated and competitive long-term agreements:
March 2013 with the Canadian Auto Workers at its London, Ontario, steel wheel plant,
November 2013 with the U.S. Steelworkers at its Brillion Iron Works facility in Brillion, Wisc., and
May 2014 with the United Auto Workers at its Erie Operations aluminum wheel plant in Erie, Pa.