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Stock impact report

Amid construction job boom, hundreds of workers go on strike in southeastern Wisconsin [Yahoo! Finance]

CNH Industrial N.V. Common Shares (CNH) 
Company Research Source: Yahoo! Finance
Roughly 500 workers with the International Union of Operating Engineers have been on strike over wages for the next three years. Terry McGowen, president of IUOE Local 139, which represents the state, said the workers proposed a wage package of increases over time to the contractors. The offer was rejected and countered with virtually the same offer with the same raise total. “The employers offered the same economic package only they shuffled around the allocations of the pay raises over the course of three years,” McGowan said. “I took it to the members nonetheless and they went forward with their strike.” More: More than 200 CNH Industrial workers in Mount Pleasant laid off less than 18 months after strike McGowen said benefits are not being bargained for as the workers pay for that themselves. “We take a lump sum, and we take it to the members after ratification and the members vote on the way they want to allocate that money,” McGowan said. “Some to the pension. Some to Show less Read more
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