OSHKOSH, WI (WTAQ) - We're hearing some details about a proposed contract extension between Oshkosh Corporation and its largest employee union.
United Auto Workers Local 578 members will vote on the proposal Sunday. Labor negotiators and the company reached a tentative deal on Monday.
Oshkosh Corp. officials say they need a five-year extension to help win a $13 billion contract to build Joint Light Tactical Vehicles for the U.S. Army and Marine Corps.
According to Oshkosh Corporation, the deal includes the following parts:
- Annual wage increases that are in the top five percent of all comparable jobs in Wisconsin.
- A highly competitive health care plan
- Benefits for laid off employees
- A commitment to perform the JLTV work in Oshkosh if a contract extension is ratified and the company is successful in winning the JLTV contract.
If the deal is approved, it would extend the existing labor agreement from 2016 to 2021.
The military contract is expected to be awarded in late 2015. Full-scale production wouldn't start until 2018.