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.
