SATURN WORKERS RATIFY AGREEMENT
SATURN WORKERS RATIFY AGREEMENT SPRING HILL, Tenn., Nov. 14 /PRNewswire/ -- Members of the United
Auto Workers union at Saturn Corp. have voted to ratify a modified agreement covering compensation, benefits, post-retirement health care, and working conditions. The vote was 72 percent in favor of ratification (2,972 in favor; 1,164 against).
The Memorandum of Agreement covers 4,560 members of UAW Local 1853 at the Saturn Manufacturing and Assembly Complex in Spring Hill and 120 members of UAW Local 1810 at Saturn facilities in Madison Heights and Troy, Mich. "We have renewed our Memorandum of Agreement and have kept the unique Saturn/UAW partnership intact," said Michael E. Bennett, president of UAW Local 1853. "Retirement and health care issues were central to the agreement-renewal process." The renewed agreement "is the cornerstone for building world-class quality cars for our expanding body of Saturn retailers," said R. Timothy Epps, vice president of People Systems. Key provisions of the agreement, which takes effect Jan. 1, 1992, include: -- Total salary for UAW-represented operating technicians will increase 2.1 percent. The monthly base salary will then be $2,698 (which translates to an hourly base salary of $15.57). -- Total salary for UAW-represented trades technicians will increase to a maximum of 2.7 percent. The monthly base salary will then be $3,104 (which translates to an hourly base salary of $17.91) -- Saturn contribution to the Saturn/UAW jointly managed pension fund will be increased from 5 percent of base salary to 8 percent. This change eliminates the company matching funds (up to 3 percent) for voluntary team member savings contributions. -- The percentage of base salary at risk in 1992 is 5 percent. This will be followed by an orderly phase-in until the 20-percent level specified in the agreement is reached. Team members can earn the 5-percent at-risk element of their compensation if Saturn's 1992 training goals are met. -- Night-shift differential is increased from 5.75 percent to 6 percent for those rotating on four-day, 10-hour shifts. -- A new night shift differential of 8 percent for those rotating their work shifts across 24 hours. The unique Saturn Memorandum of Agreement provides the basic operating plan for the partnership between the United Auto Workers and Saturn. It became effective in July 1985. The memorandum called for ratification by UAW-represented Saturn team members within six months after the first full year of car production. The first year of production ended July 30, 1991. Saturn, a wholly owned subsidiary of General Motors (NYSE: GM), has sold more than 60,000 cars produced at its Spring Hill complex since their introduction to the market just over a year ago. -0- 11/14/91 /CONTACT: Bill Betts, 615-486-5050, or Mark Tanner, 313-528-6124, both of Saturn Corporation/ (GM) CO: Saturn Corporation; United Auto Workers ST: Tennessee, Michigan IN: AUT SU: SM -- DE007 -- 4319 11/14/91 10:05 EST
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|Date:||Nov 14, 1991|
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