Mediation News

Terex, UAW Settle Waverly

Terex Cranes announced today that they entered into a three-year contract with union employees.

Members of the United Auto Workers Local 411 reportedly returned to work this morning.

A press release from Koehring Cranes, which does buiness as Terex, said simply that the United Auto Workers entered into a three-year collective bargaining agreement and did not disclose the terms.

"We have a strong, three-year contract that balances the needs of our employees with the economic realities of today's highly competitive manufacturing industry. Koehring Cranes appreciates the leadership of the UAW local 411 negotiating committee and the mediation assistance provided by the Federal Mediation and Conciliation Service (FMCS)," said Dave Stevenson, group vice president, human resources for Terex Corporation, in a press release.

UAW members went on strike in February after 120 floor assembly workers on Feb. 5, rejected a collective bargaining proposal from the company.

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	Did You Know?
	Mediation is a process that involves a mediator Neutral third party who helps the disputing parties achieve a resolution that satisfies both of them. The mediator's primary function is to create constructive communication between parties and provide a forum where disputants can create a mutually satisfactory agreement. Mediators do not impose decisions; instead, they help people craft solutions that will work for them.