Teka77/iStock Editorial via Getty Images More than 1,000 members of two local unions at CNH Industrial (NYSE:CNHI) factories in Wisconsin and Iowa reached a new labor agreement Saturday, ending a strike that has been ongoing since May, the United Auto Workers union said. The UAW did not disclose further details of the vote; the company had said a previous offer that was rejected two weeks ago included raises of 28%-38% over four years, which workers said failed to cover soaring inflation and health insurance costs. The CNH (CNHI) strike, which began in May after a six-year contract expired at the facilities, was one of the longest in the recent spate of strikes since the COVID-19 pandemic. CNH Industrial’s (CNHI) revenues should benefit from strong demand in the agriculture and public construction end market, more than offsetting weaker residential and commercial end markets, GS analytics writes in an analysis published on Seeking Alpha.
