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Exide Reaches Three-Year Pact With United Auto Workers

14 April 1999

Exide Reaches Three-Year Pact With United Auto Workers

    READING, Pa., April 13 -- Exide Corporation , one
of the world's largest suppliers of lead acid batteries, has signed a
three-year agreement with United Auto Workers Local 1829 which represents its
workforce at its plant in Burlington, Iowa.
    Under the terms of the agreement with the UAW the covered workforce will
receive a lump-sum bonus equal to three percent of salary in the first year,
followed by three percent raises in each of the next two years of the
contract.
    Jack J. Sosiak, Executive Vice President for Human Resources at Exide,
said, "We are very pleased with both the contract and the level of commitment
to Exide expressed by our UAW employees and their union representatives."
    The Exide plant at Burlington, Iowa, is the company's only battery
production plant represented by the UAW and employs more than 200 workers.
    Randy Parker, President of United Auto Workers Local 1829, said, "This is
an excellent contract for our workers and is the end result of one of the
smoothest negotiating periods we have ever had with the company."
    Exide Corporation, with annual revenues of more than $2.2 billion and
operations in 19 countries, is a world leader in the manufacture of automotive
and industrial lead acid batteries.  Further information about Exide's
business and products is available at http://www.exideworld.com.