UFCW members from across the country have approved a new four-year contract with Hormel that covers five meatpacking plants and 3,300 workers. The plants are at Austin, Minn.; Beloit, Wis.; Atlanta, Ga.; Freemont, Neb.; and Algona, Iowa.
The new contract gives production workers a raise of $1.55 an hour over four years. The contract also includes improvements in the pension plan, affordable healthcare, and maintained benefit levels with some improvements.
For employees hired after 1990 and with five years of service, 20 cents per hour will be invested in the Hormel 401(k) to help cover insurance cost when they reach retirement age. All wage increases are retroactive to Sept. 14.
A decent contract with respectable wage increases as well as other benefits. Way to go!