Printer Friendly

CATERPILLAR COMMENTS ON MEETING WITH UAW

 CATERPILLAR COMMENTS ON MEETING WITH UAW
 CHICAGO, March 26 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) today


issued the following statement after a meeting with the UAW bargaining committee in St. Louis:
 For many weeks now, Caterpillar and the UAW leadership have been at impasse. Caterpillar finds this condition unfortunate and frustrating, in light of the final offer we've had on the table for that period:
 -- 6-year job security by name
 -- No plant closing for at least 6 years
 -- 13 percent wage increase over 3 years
 -- Full health care
 -- Improved pensions for current and future retirees
 As many of you are aware, the leadership of the UAW asked Caterpillar to meet here in St. Louis this week. The UAW called this meeting only after the company declared impasse in early March.
 We have accommodated their request.
 It was our understanding -- and it was widely reported -- that the UAW intended to make a new offer to us. We came here with that expectation and understanding. The UAW also asked the company for information concerning its global competitiveness. Despite the fact that they could have asked for this information months ago, yesterday we nonetheless provided it in a confidential executive briefing.
 We remain willing to provide additional relevant information to the UAW as appropriate. But these last-minute requests for information, and general expressions of willingness to talk, are delaying tactics intended to do nothing more than distract from the main issue.
 The central issue is whether the UAW is prepared to accept Caterpillar's final offer.
 Therefore, Caterpillar today presented its own idea to break the impasse. The company offered to implement its third and final offer, in return for an end to the strike.
 Specifically, under Caterpillar's idea we are offering to implement all parts of our final proposal. Either party could terminate this arrangement at any time.
 Again, the terms of the final offer that Caterpillar proposes to implement include:
 -- 6-year job security by name
 -- No plant closing for at least 6 years
 -- 13 percent wage increase over 3 years
 -- Full health care
 -- Improved pensions for current and future retirees
 Instead of considering this approach, today we've received yet another rejection of our final offer by the UAW and a continued refusal to present any proposal that abandons the Deere pattern. This is the same position the UAW has taken since Day One. In fact, the union went further and said they will not change their position until the company withdraws its final offer. Clearly, we remain at impasse.
 -0- 3/26/92
 /CONTACT: Gil C. Nolde of Caterpillar, 309-675-6058/
 (CAT) CO: Caterpillar Inc.; United Auto Workers ST: Illinois IN: AUT SU: PS -- NY094 -- 2183 03/26/92 18:01 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 26, 1992
Words:448
Previous Article:TODAY'S MAN, INC. FILES OFFERING OF 2 MILLION SHARES OF COMMON STOCK
Next Article:HUGHES AWARDED AMRAAM LOT VI PRODUCTION CONTRACT
Topics:


Related Articles
UAW READIES GIANT LABOR RALLY AGAINST CATERPILLAR IN MARCH
UAW AND CATERPILLAR TO RESUME NEGOTIATIONS
UAW AUTHORIZES WORKERS TO STRIKE AT FOUR ADDITIONAL CATERPILLAR PLANTS IN CONTRACT STRUGGLE
CATERPILLAR ISSUES STATEMENT
CATERPILLAR COMMENTS ON UAW WITHDRAWAL OF NLRB CHARGES
CATERPILLAR MODIFIES FINAL CONTRACT OFFER TO SPAN SIX-YEAR PERIOD, EXTENDS CONTRACT BENEFITS
CATERPILLAR AND DEALERS CHARGE UAW WITH ILLEGAL PICKETING
SALES EXPECTATIONS BOLSTER CATERPILLAR HIRING
UAW MEMBERS REJECT CATERPILLAR PROPOSAL; UNION RECESSES STRIKE
Caterpillar Inc. Files Third-Party Lawsuits Against United Auto Workers in Response to Retiree Lawsuits.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters