UAW Reached Tentative Pact With Daimler Truck, Averting Strikes
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The United Auto Workers said it reached a tentative agreement with Daimler Truck Holding AG ahead of a contract expiring midnight on April 26 and following a strike threat.
The agreement includes pay increases of more than 25% over the next four years, the end of wage tiers and the introduction of profit sharing and cost-of-living allowances for 7,300 Daimler workers, the union said in a statement.