Members of the United Auto Workers (UAW) have approved a six-year contract with Caterpillar Inc., ending a nine-month stalemate and avoiding a strike. The deal includes a new two-tiered wage scale that will make UAW-represented plants competitive with other Caterpillar factories. Caterpillar had threatened to move to nonunion plants if these concessions were not made.
See "Union Workers Approve Caterpillar Deal", The New York Times, January 9, 2005