Volvo Trucks North America 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 contract took effect March 17, 2011, and will expire 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 chief executive officer 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 said, “and the stability this agreement provides will help us continue that momentum as the market improves.”