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Titan U.S. Tire Facilities Ratify Five-Year Contract
USAgNet - 05/23/2017

Titan International, Inc. announced that Titan employees. represented by the United Steelworkers (USW). voted to accept new five year contracts applicable to the company's operations located in Des Moines, Iowa (Local 164). Freeport, Ill. (Local 745) and Bryan, Ohio (Local 890).

Paul Reitz, Titan's president and CEO, commented, "These are good contracts for our bargaining unit employees and our shareholders. We are thankful to the USW and our employees for their commitment to continue to work and build quality products as both parties worked through the bargaining process. With these new five year contracts we are excited to be able to continue to work together with the all of our employees as we maintain our position as a global leader in the markets we serve for many years to come."

"The new contracts introduce a new innovative, incentive profit-sharing plan, which takes effect in the second year of the agreements that rewards USW members based on their respective plant's profitability. A separate wage scale was also introduced for bargaining unit employees who are hired after the ratification date. In addition to the salary and benefit provisions, the new agreements provide additional management rights and economic flexibility that the prior agreement did not allow."

Titan International, Inc. is a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products. Headquartered in Quincy, Ill., the company globally produces a broad range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.


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