Allied Holdings Inc. announced Sunday that subsidiaries of its Allied Automotive Group have reached a tentative agreement on a five-year contract with their employees represented by the Teamsters Union.
Terms of the new agreement are subject to ratification by the company's U.S. employees who are represented by the Teamsters. A ratification vote is expected within the next few weeks. The new contract will cover about 4,300 drivers, mechanics and yard personnel in the United States. These employees represent about 70% of Allied Holdings employees.
Economic provisions of the new agreement include a wage freeze for the first two years of the agreement and also include wage increases of approximately 2% on June 1, 2005, 2% on June 1, 2006, and an additional 2.5% on June 1, 2007. The agreement provides for increases in health, welfare and pension contributions during each year of the agreement.
The remaining carhaul companies operating in the U.S. with employees represented by the Teamsters are signatories to the new agreement and will operate under the same contractual provisions as Allied Automotive Group.
Terms of the new agreement are subject to ratification by the company's U.S. employees who are represented by the Teamsters. A ratification vote is expected within the next few weeks. The new contract will cover about 4,300 drivers, mechanics and yard personnel in the United States. These employees represent about 70% of Allied Holdings employees.
Economic provisions of the new agreement include a wage freeze for the first two years of the agreement and also include wage increases of approximately 2% on June 1, 2005, 2% on June 1, 2006, and an additional 2.5% on June 1, 2007. The agreement provides for increases in health, welfare and pension contributions during each year of the agreement.
The remaining carhaul companies operating in the U.S. with employees represented by the Teamsters are signatories to the new agreement and will operate under the same contractual provisions as Allied Automotive Group.
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