updated: 11/19/2012 7:41:47 AM
Indianapolis-based Allison Transmission Holdings Inc. (NYSE: ALSN) has reached a tentative five-year labor agreement with a group of unionized workers. The contract must still be ratified by the approximately 1,500 member of United Auto Workers Local 933.
INDIANAPOLIS – Allison Transmission Holdings Inc. (NYSE: ALSN) announced today that it has reached a new five-year tentative labor agreement with United Auto Workers (UAW) Local 933. The new labor contract must still be ratified by the union membership.
“We are happy to come to this tentative agreement. Both parties have worked hard to develop an agreement that continues to build a future for our employees and Allison Transmission,” said Robert M. Price, Allison Transmission’s Vice President of Human Resources. “We are excited to continue providing our customers and business partners with the high level of products and services they have come to expect.”
The UAW represents approximately 1,500 employees at various Allison Transmission locations in Indianapolis. Negotiations have been underway since Sept. 4.
About Allison Transmission
Allison Transmission is the world's largest manufacturer of fully-automatic transmissions for medium- and heavy-duty commercial vehicles, medium- and heavy-tactical U.S. military vehicles and hybrid-propulsion systems for transit buses. Allison transmissions are used in a variety of applications including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school and transit), motor homes, off-highway vehicles and equipment (primarily energy and mining) and military vehicles (wheeled and tracked). Founded in 1915, the Allison business is headquartered in Indianapolis, Indiana, U.S.A. and employs approximately 2,800 people. Allison has manufacturing facilities and customization centers located in China, The Netherlands, Brazil, India and Hungary. With a global presence, serving customers in North America, Europe, Asia, Australia, South America, and Africa, Allison also has over 1,500 independent distributor and dealer locations worldwide. More information about Allison is available at www.allisontransmission.com.
Source: Allison Transmission Holdings Inc.