LAKE FOREST, Ill., Sept. 28 /PRNewswire-FirstCall/ -- CNH America LLC (CNH) and the International Association of Machinists (IAM) met today in Fargo, North Dakota to begin negotiations for a new contract covering about 520 CNH employees. The current contract expires on October 31, 2006.
"We are optimistic that an agreement can be reached that is fair and equitable for all parties, one that will favorably impact CNH's cost competitive position in the marketplace and ultimately the long-term viability of the Fargo plant," said Linda Maurer, CNH vice president, human resources.
"The union is also optimistic that an agreement can be reached that will be fair and equitable for all parties," stated Dennis Walworth, directing business representative IAM District Lodge 5.
The parties have mutually agreed not to discuss details of the negotiations with the media prior to conclusion.
The Fargo location covered by the contract is one of CNH's 39 manufacturing facilities located around the world.
CNH Global N.V. is a world leader in the agricultural and construction equipment businesses. Supported by more than 11,000 dealers in 160 countries, CNH brings together the knowledge and heritage of its Case and New Holland brand families with the strength and resources of its worldwide commercial, industrial, product support and finance organizations. CNH Global N.V., whose stock is listed at the New York Stock Exchange , is a majority-owned subsidiary of Fiat S.p.A. (FIA.MI; NYSE: FIA), More information about CNH and its Case and New Holland products can be found online at http://www.cnh.com/ .
