United Auto Workers union Local 2244 workers agree to a new 4-year labor deal at New United Motor Mfg. Inc. calling for a $1,450 lump sum payment and a 3% annual wage increase. Contributions to worker 401(k) savings plans will be boosted, and retirees get $550 lump sum bonuses each year of the deal. Cost of living will increase a penny for every 0.25 change in the Consumer Price Index. Election Day 2002 and 2004 will be paid holidays. The current contract expired Aug. 4 for employees at NUMMI, a joint venture of Toyota Motor Corp. and General Motors Corp. established in 1984 in Fremont, CA. The company employs 4,600 team members, including 3,800 UAW members, and produces a total of 350,000 Toyota Tacoma pickup trucks, Toyota Corolla sedans and Chevrolet Prizm sedans annually. The new contract will be effective until Aug. 6, 2005.
United Auto Workers union Local 2244 workers agree to a new 4-year labor deal at New United Motor Mfg. Inc. calling for a $1,450 lump sum payment and a 3% annual wage increase. Contributions to worker 401(k) savings plans will be boosted, and retirees get $550 lump sum bonuses each year of the deal. Cost of living will increase a penny for every 0.25 change in the Consumer Price Index. Election Day
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