A tentative agreement was reached last night with the Henkel Corporation. The agreement will be discussed and voted on by USW Local 675 membership at meetings this afternoon. The four year agreement has General Wage Increases as follows:
· 2012 – 3%
· 2013 – 2.5%
· 2014 – 2.5%
· 2015 – 2.0%
There are numerous other modifications to the agreement, including changes to the existing Medical Plans and the addition of a new Kaiser plan, and improvements to the Defined Contribution Pension Plan.
The Negotiating Committee recommends a yes vote on the Agreement.