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Union Workers Forge New Contract With FTCA
Posted By RVBusiness On March 19, 2009 @ 12:16 pm In Breaking News | No Comments
Workers at Somerset, Pa.-based FTCA Inc., which builds folding camping trailers under the Coleman brand, approved a new four-year contract that provides annual wage increases, restores incentive pay and creates a new pension plan, the United Steelworkers said Wednesday (March 18).
The Tribune-Review reported that USW Local 2632, which represents about 200 workers at the plant, said the contract restores 10 paid holidays, vacation pay, shift differential and incentive pay and gives workers coverage under a previous health insurance program.
The union has been bargaining for a new contract since last fall.
FTCA was formed when Blackstreet Capital Partners LLC, a private equity firm based in Bethesda, Md., bought the former Fleetwood Folding Camper Trailer division from Fleetwood Enterprises Inc. on May 12 for an undisclosed sum. The purchase included the 430,000-square-foot plant in Somerset.
As part of a buyout, FTCA announced in early August that it had reached an agreement with The Coleman Co., Wichita, Kan., for use of the brand name.
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