financetom
Business
financetom
/
Business
/
Teamsters union members ratify US agreement with AB InBev
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Teamsters union members ratify US agreement with AB InBev
Mar 5, 2024 7:24 PM

(Reuters) - The Teamsters union said on Tuesday its members approved a five-year agreement with Anheuser-Busch Inbev, ratifying a deal that includes pay hikes and improved healthcare for workers at the brewer's U.S. facilities.

Anheuser-Busch Inbev and the Teamsters union had reached a tentative agreement last week that averted a strike.

Under the agreement, which covers 5,000 Teamsters working at Anheuser-Busch breweries in the United States, union members will receive wage increases of $8 an hour, including an immediate $4 an hour raise in the first year, the union said.

The contract also includes a $2,500 ratification bonus, increased pension contributions, and restoration of retirement benefits for active and retired members.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: HSBC Ordered by UK Regulator to Review Data Practices
Market Chatter: HSBC Ordered by UK Regulator to Review Data Practices
Sep 5, 2024
07:13 AM EDT, 09/05/2024 (MT Newswires) -- HSBC Holdings ( HSBC ) was ordered by a UK regulator to review data handling practices within its commercial banking and global banking and markets groups, Bloomberg News reported Wednesday, citing a source familiar with the matter. The source told Bloomberg that the Bank of England's Prudential Regulation Authority ordered the review and...
Timken Names Tarak Mehta Chief Executive
Timken Names Tarak Mehta Chief Executive
Sep 5, 2024
07:28 AM EDT, 09/05/2024 (MT Newswires) -- Timken (TKR) said Thursday it named Tarak Mehta president and chief executive, succeeding Richard Kyle, who will serve as an adviser during the transition period. Following the transition, Kyle will retire in February 2025 but will remain on the company's board. Mehta previously served as a member of ABB's group executive committee and...
Eurozone Retail Sales Continue to Flatline, Notes ING
Eurozone Retail Sales Continue to Flatline, Notes ING
Sep 5, 2024
07:07 AM EDT, 09/05/2024 (MT Newswires) -- Surveys on Q3 performance in the eurozone have so far disappointed, said ING. The economy isn't showing signs of further acceleration after a surprisingly strong first half year, wrote the bank in a note to clients. In fact, it looks like the economy is slightly decelerating at the moment. This would make for...
Market Chatter: Stellantis to Resume US Production After Pause Last Week
Market Chatter: Stellantis to Resume US Production After Pause Last Week
Sep 5, 2024
06:49 AM EDT, 09/05/2024 (MT Newswires) -- Stellantis ( STLA ) will resume production on Thursday at its US assembly plants after pausing its output of Jeep Wrangler and Grand Cherokee SUVs in the past week, Reuters reported late Wednesday, citing the company. Stellantis ( STLA ) will continue to adjust production at several plants, the report quoted the company...
Copyright 2023-2025 - www.financetom.com All Rights Reserved