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Navistar gets new job security plan.

Navister gets new job security plan

In truck manufacturing, Navistar Internation Transportation Corp. and the Auto Workers negotiated a job security Plan that permits the company to furlough employees only in specific limited circumstances. Workers furloughed in those circumstances receive existing Supplemental Unemployment Benefits plus a new $100 a week payment. Those furloughed for other reasons receive their full pay and are eligible for company-financed job training. The 3-year contract also calls for a 16-cent-an-hour wage increase effective immediately; a $200 lump-sum payment in the second year; and continuation of the provision for automatic quarterly cost-of-living pay adjustments. A separate 5-year pension agreement provides for a $6 increase in the benefit rate for current employees over the term, bringing the rate to $24.50 a month for each year of credited service. Benefit rates were also increased for current retirees, and they received a $450 lump-sum payment.

The basic agreement covered 7,000 active and 10,000 laid-off employees at eight plants. Navistar is the former International Harvester Co.
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Title Annotation:Developments in Industrial Relations
Author:Ruben, George
Publication:Monthly Labor Review
Date:Feb 1, 1988
Words:169
Previous Article:Food store settlements.
Next Article:Crowley Maritime settles with ILA.
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