Caterpillar workers ratify new 6-year contract with company
Unionized workers at Caterpillar Inc. have approved a new six-year contract with the company that includes a $6,000 ratification bonus, 19% in pay raises and 8% worth of lump-sum payments.
Tag: Caterpillar
UAW Local 974 overwhelmingly authorizes strike as Caterpillar contract negotiations continue
UAW Local 974 second vice president Tony Newton said 98% of membership voted in favor of strike authorization.
Caterpillar settles long-running tax dispute with IRS
PEORIA — Caterpillar has settled a long-running tax dispute with the Internal Revenue Service. The IRS maintained Caterpillar owes the federal government more than $2.3 billion in unpaid taxes and penalties stemming from the company’s alleged tax avoidance practice of funneling U.S. profits through the Swiss subsidiary CSARL, as of 2018. Caterpillar announced it reached a