UAW Members At Mack Trucks Reject Deal, To Go On Strike

RTTNews | Pred 667 dňami
UAW Members At Mack Trucks Reject Deal, To Go On Strike

(RTTNews) - About 3,900 members of United Auto Workers or UAW union working with Mack Trucks, owned by Swedish commercial vehicle manufacturer Volvo Group, will be joining the striking autoworkers as they plan to walkout on Monday after rejecting a recently agreed tentative deal.

The union announced Sunday that the tentative agreement was voted down by 73% of total UAW members who voted. Mack Trucks workers at facilities in Pennsylvania, Maryland and Florida will start their strike at 7 a.m. Monday.

UAW President Shawn Fain on the social media platform X, formerly known as Twitter, said, "I'm inspired to see UAW members at Mack holding out for a better deal, and ready to stand up and walk off the job to win it."

It was in early October that Mack Trucks and UAW union announced that nearly 4,000 union members reached a tentative agreement, in a last minute move avoiding strike. The agreement required to be ratified by UAW members.

Mack President Stephen Roy then had said that the terms of the tentative agreement would deliver significantly increased wages and continue first-class benefits for Mack employees and their families. At the same time, it would allow the company to successfully compete in the market.

The latest news comes as the union is continuing its strike against the Big Three General Motors, Ford and Chrysler parent Stellantis. About 12,700 UAW members had started their Stand Up Strike at one each plant of Detroit's Big Three by September 15 after the expiration of the then four-year collective bargain agreement ended without reaching deals with the workers.

The UAW, which represents about 146,000 workers at the three major automobile manufacturing companies, proposed 40 percent hourly pay increases over the next four years, along with other demands.

UAW later significantly expanded its targeted walkout to various plants, bringing the total number of Big Three strikers to more than 25,000 members at 43 facilities in 21 states.

read more
Volvo To Unveil 600 Km Range Electric Truck In 2025

Volvo To Unveil 600 Km Range Electric Truck In 2025

Swedish commercial vehicle major AB Volvo announced the planned launch of next-generation heavy-duty electric truck with 600 km range. The new long-range version of Volvo FH Electric will be released for sale during the second half of 2025. According to the company, the longer range represents a breakthrough for long-distance transport with zero tailpipe emissions.
RTTNews | Pred 337 dňami
CRH, Volvo Group Ink Deal To Accelerate Decarbonization

CRH, Volvo Group Ink Deal To Accelerate Decarbonization

Building materials provider CRH plc (CRH) and Volvo Group (VOLVY.PK) on Tuesday signed a Memorandum of Understanding (MoU) to accelerate net-zero innovations in the design and deployment of on-road vehicles and off-road equipment used in construction.
RTTNews | Pred 631 dňami
Mack Trucks, UAW Union Reach Tentative Deal

Mack Trucks, UAW Union Reach Tentative Deal

United Auto Workers or UAW union and Mack Trucks, owned by Swedish commercial vehicle manufacturer Volvo Group, announced that nearly 4,000 union members has reached a tentative agreement, in a last minute move to avoid strike. The new five-year contract covers about 3,900 employees at facilities in Pennsylvania, Maryland and Florida. The agreement must now be ratified by UAW members.
RTTNews | Pred 674 dňami
Volvo Group Q2 Results Climb, Orders Down; Stock Dips

Volvo Group Q2 Results Climb, Orders Down; Stock Dips

Shares of Volvo Group were losing around 3 percent in the morning trading in Sweden after the commercial vehicle manufacturer reported Wednesday lower orders in its second quarter amid weakening demand, even as profit and net sales increased from last year. Further, the company raised its forecast for annual industry-wide heavy truck sales in Europe and North America.
RTTNews | Pred 749 dňami
Disney Lifts FY25 EPS View After Q3 Profit Beats Market; ESPN In Deal With WWE, NFL

Disney Lifts FY25 EPS View After Q3 Profit Beats Market; ESPN In Deal With WWE, NFL

Media and entertainment major Walt Disney Co. (DIS) on Wednesday raised fiscal 2025 outlook for earnings.above the Street after reporting significantly higher profit in its third quarter, above market estimates. Meanwhile, revenues missed the market view, despite reporting a growth. Separately, Disney announced that its unit ESPN has signed a landmark rights agreement with WWE.
RTTNews | Pred 7 minútami
Dynatrace Boosts FY26 Outlook - Update

Dynatrace Boosts FY26 Outlook - Update

While reporting financial results for the first quarter on Wednesday, software intelligence provider Dynatrace, Inc. (DT) provided its adjusted earnings and revenue guidance for the second quarter and raised its outlook for the full-year 2026.
RTTNews | Pred 13 minútami
FTSE 100 Modestly Higher; Hiscox Soars 9%

FTSE 100 Modestly Higher; Hiscox Soars 9%

U.K. stocks are turning in a mixed performance on Wednesday with investors digesting corporate earnings announcements, and continuing to assess the economic impact of the Trump administration's tariffs that are set to become effective this week.
RTTNews | Pred 41 minútami
CAC 40 Up In Positive Territory In Cautious Trade

CAC 40 Up In Positive Territory In Cautious Trade

The French market is modestly higher on Wednesday with corporate earnings announcements providing some direction. Despite data showing a sharp drop in French construction sector activity, and fresh concerns about tariffs following U.S. President Donald Trump's fresh tariff threat, the mood is a bit positive amid hopes the Fed will cut interest rate next month.
RTTNews | Pred 1 h 12 min