CNH WORKERS TO RETURN FOLLOWING RATIFICATION OF SETTLEMENT AGREEMENT BY UAW MEMBERS
Lake Forest, Illinois (March 19, 2005) CNH America LLC, a wholly owned subsidiary of CNH Global N.V. (NYSE:CNH), announced that approximately 650 CNH employees represented by the United Auto Workers (UAW) will return to work following ratification of a settlement agreement today.
"We are pleased that our UAW-represented employees ratified the contract and are returning to work," said Tom Graham, CNH lead negotiator. "We believe the agreement is good for the company, our employees, our dealers and the communities in which we do business."
The UAW notified CNH of the positive ratification vote Saturday afternoon. Most UAW-represented employees are expected to be back at work Monday morning, and in any case no later than the end of the day Tuesday. Supervisors are contacting workers to let them know when to return.
The agreement affects CNH employees in Burlington, Iowa; Racine, Wisconsin; Burr Ridge, Illinois; and St. Paul, Minnesota.
CNH is the power behind leading agricultural and construction equipment brands of the Case and New Holland brand families. Supported by nearly 12,000 dealers in approximately 160 countries, CNH brings together the knowledge and heritage of its brands with the strength and resources of its worldwide commercial, industrial, product support and finance organizations. More information about CNH and its products can be found on line at www.cnh.com.