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March 14, 2023

Caterpillar workers get 19% pay hike

IRVING, Texas (AP) — Unionized workers at Caterpillar Inc. have approved a new six-year contract with the company that includes a $6,000 ratification bonus, 19% in pay raises and 8% worth of lump-sum payments.

Members of the United Auto Workers union approved the deal over the weekend that covers 7,000 employees in Central Illinois and York, Pennsylvania. The new contract is effective immediately.

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