Investing
Mack Trucks says UAW demands unrealistic, no new talks set
© Reuters. FILE PHOTO: The logo of Mack Trucks is seen on a truck in a yard in Mejicanos, El Salvador, August 16, 2018. REUTERS/Jose Cabezas/File Photo
(Reuters) – Volvo (OTC:) Group-owned Mack Trucks said Thursday the United Auto Workers’ contract demands are unrealistic and that no new talks are scheduled after workers went on strike on Oct. 9, following their rejection of a proposed five-year contract.
About 73% of the unit’s 4,000 workers in Pennsylvania, Florida and Maryland voted against a tentative agreement that included a 19% pay raise that had been endorsed by UAW leaders.
Mack Trucks said the UAW leadership’s economic demands “continue to be unrealistic.”
The UAW did not immediately comment on Thursday.
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