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UAW and Colt Agree to New Contract

According toe Colt Defense LLC press release, Local 376 of the United Auto Workers and Colt management have come to an agreement on a new labor contract with a two-year term. This new contract will replace one that expired on March 31, 2012 and which was in place for five years. Terms of the new contract were not disclosed.

The parties have been meeting since February to negotiate the new contract terms. The management negotiating committee presented their last, best and final offer to the union shortly before midnight on Saturday, just before an existing contract covering Local 376 workers expired. At a meeting with its membership at 10:00 on April1st the union negotiating committee recommended the contract’s ratification and approval and the membership affirmed it.

These measures averted the possibility of labor action at the Colt Defense manufacturing facility on New Park Avenue and allowed over 250 workers to return to work yesterday after a weekend of uncertainty. Management believes that the terms of the new contract will help make Colt Defense more competitive in the market while continuing to ensure high quality jobs for our employees.

www.coltsmfg.com

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5 Responses to “UAW and Colt Agree to New Contract”

  1. John M. Denny says:

    So what does this mean for the cost of a rifle?

    • SSD says:

      Since we don’t know the terms we can’t say how it might effect pricing. However, we can say that there will be riles.

      • John Denny says:

        It is good that manufacturing will not be interupted. I just hope the price does not continue to go up too far.

        I have no issue paying for American quality, and the skill necessary to obtain such quality, but there are limits to my personal funding.

  2. Aaron says:

    Why is the union representing these guys the UAW?