Farm Equipment's sister publication Ag Equipment Intelligence has acquired photos of a memo sent to UAW-represented CNHI employees explaining details of the manufacturer's last contract offer on May 19.
The memo states CNHI's last offer on May 19 contains "12-15% wage increases depending on job classification" for "skilled trades" and an 18% wage increase over 3 years for "non-skilled" employees. The proposed contract would run for 3 years, something CNHI has reportedly pushed for during negotiations.
The offer also includes 4 different healthcare plans for employees to choose from in 2023 and includes a breakdown of the single and family plans by premium, CNHI's contributions and deductibles.
CNHI would, according to the memo, deposit $750 annually in a Retiree Medical Savings account for all employees hired after May 2004 if the proposed May 19 contract is approved and would enact a retirement plan in 2025 for employees hired after May 1998 that includes 300% 401(k) matching.
The memo calls for employees to request a comprehensive copy of the proposal from their union representatives.
To see images of the memo, head to Ag Equipment Intelligence's UAW-CNHI strike coverage.