Caterpillar, Union reach tentative agreement

By WEEK Reporter

August 15, 2012 Updated Aug 15, 2012 at 6:17 PM CDT

JOLIET, Ill -- Caterpillar Inc. announced in a statement on Wednesday that a tentative agreement has been reached with the leaders of the International Association of Machinists and Aerospace Workers (IAM).

The IAM represents approximately 780 employees at the Joliet plant, who have been on strike since May 1, 2012.

According to the release, the tentative agreement is subject to a ratification vote by union members, which will be held on Friday.

“The proposed six-year contract contains a number of improvements over previous offers,” said District 8 Business Representative Steve Jones. “While it does not address every issue for every member, it deserves to be brought to the membership for a vote.”

Caterpillar said that they will not be commenting on any of the specific details on the tentative contract.

Additional information and details of the proposed agreement will be posted on the District 851 website at http://www.iamll851.com/.