UAW Says Five-Year Agreement With Mack Trucks; Under Contract With Mack Trucks, Pension Plan Life Income Benefit Increased By $4.00 In The First Year
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The United Auto Workers (UAW) has reached a five-year agreement with Mack Trucks. Under the new contract, the pension plan life income benefit will increase by $4.00 in the first year.
October 05, 2023 | 3:00 pm
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Volvo Group, the parent company of Mack Trucks, may see a financial impact due to the increased pension plan life income benefit under the new agreement with UAW.
The new agreement between UAW and Mack Trucks, a subsidiary of Volvo Group, includes an increase in the pension plan life income benefit. This could potentially lead to increased financial obligations for Volvo Group, which may negatively impact its financial performance in the short term.
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