Manufacturer, Union Reach Agreement

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A strike involving hundreds of workers in Hammond has ended. Our partners at The Times of Northwest Indiana report Lear Corp. (NYSE: LEA) and United Auto Workers Local 2335 have reached a tentative agreement on a five-year contract. The sides were at odds over wages.

Workers at the Lake County operation produce seats for Ford Explorers and Tauruses.

The Michigan-based company employs 760 at the plant.

The contract is awaiting local union ratification. No date has been set for that action.

The Times reports a Lear spokesman says the supplier had offered a fair and competitive contract, including wage increases.

Source: The Times of Northwest Indiana