Volvo inks five-year deal with truck plant employees

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DUBLIN, Va. — Volvo Trucks North America and the UAW have agreed to terms on a five-year contract covering about 1,300 employees at Volvo’s New River Valley truck plant.

“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.”

Slagle noted Volvo gained two points of market share in 2010, and said its new agreement with workers will provide the stability required for further growth.

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