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Volvo Trucks North America and UAW Agree on Five-Year Contract

The new contract is effective March 17, 2011, and will expire on March 16, 2016.
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Volvo Trucks North America today announced that employees represented by the United Auto Workers have ratified a new five-year agreement covering about 1,300 members of UAW Local #2069 at the New River Valley, VA, plant.  The new contract is effective March 17, 2011, and will expire on March 16, 2016.

 

“We are the only manufacturing group still building trucks for this market exclusively in the United States, and agreements like this one help us keep American manufacturing competitive,” said Denny Slagle, president and CEO of Volvo Trucks North America.  “Working with the UAW, we’ve arrived at an agreement that increases Volvo Trucks’ long-term competitiveness in the North American market, while continuing to offer our employees a great quality of life.”

 

“Volvo gained two points of market share in 2010,” Slagle added, “and the stability this agreement provides will help us continue that momentum as the market improves.”

 

Volvo Trucks North America’s operations and products are guided by the company’s three core values: Quality, Safety and Environmental Care. The Volvo VN and VHD trucks are assembled in the United States at the New River Valley Plant in Dublin, Virginia, while Volvo engines for North America are assembled in Hagerstown, Maryland. Both plants are certified to ISO14001 environmental and ISO9001 quality standards.

 

Volvo Trucks North America is part of the Volvo Group, one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services, and one of the world's leading producers of heavy-diesel engines (9-16 liter). The Group also provides complete solutions for financing and service. The Volvo Group, which employs more than 90,000 people, has production facilities in 19 countries and sells their products in more than 180 markets. Volvo Group sales for 2010 amounted to $36.7 billion. The Volvo Group is a publicly-held company headquartered in Gothenburg, Sweden. Volvo Shares are listed on Nasdaq OMX Nordic Exchange and are traded OTC in the U.S.

 

March 27, 2011

 

For further information, please contact John Mies, Volvo Trucks North America, phone 336-393-4300, email john.mies@volvo.com

www.volvotrucks.us.com