Harley-Davidson was able to ratify a contract with workers for the next five years. This deal secures a 14 percent raise over the five-year period for the workers in Milwaukee and Tomahawk, Wisconsin.
Additional perks for the workers include a signing bonus, two different variable incentive plans, pension upgrades, and a retirement incentive. That sounds like a heck of a deal for the workers. The deal covers around 1,000 Wisconsin workers, according to Reuters.
All of this comes after the company had to extend its previous contract with the workers to keep things rolling. A previous proposed contract was denied, and this put Harley in an uncertain position. While the workers didn’t strike and keep the bikes from being produced, they did protest during their time not working.
The ratified contract is a weight off of Harley-Davidson’s shoulders. The company has enough problems to deal with right now without worrying about the workers building its products.
The company is working on a new electric portfolio of motorcycles as well as new gasoline-powered motorcycles. All at the same time, it’s experiencing a loss of its customer base and mounting displeasure over its move to shift some production overseas. Harley has many hurdles to leap, but now it has one fewer.