Statement Regarding United Auto Workers Decision to Resume Strike at NRV Plant
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GREENSBORO, N.C., June 7, 2021 /PRNewswire/ -- Volvo Trucks North America today issued the following statement regarding the United Auto Workers (UAW) union's decision to resume their strike at the New River Valley truck assembly operations in Dublin, VA, after the members of UAW Local #2069 rejected the tentative agreement the parties agreed to on May 20, 2021:

"It is difficult to understand this action," said NRV Vice President and General Manager Franky Marchand.  "UAW International, Regional, and Local leadership endorsed the tentative agreement, which provided significant economic improvements for all UAW-represented workers, and a package of benefits that is very competitive for our industry and region.  We remain committed to the collective bargaining process, and we are confident that we will ultimately arrive at a mutually beneficial agreement."

The Volvo Group is the only heavy-duty truck manufacturing group that assembles all of its trucks and engines for the North American market in the United States.  The NRV plant employs more than 3,300 people, about 2,900 of whom are UAW members.  The plant is in the midst of a $400 million investment for advanced technology upgrades, site expansion and preparation for future products, including the innovative Volvo VNR Electric truck. The plant has added 1,100 jobs since the current union agreement was implemented in 2016 and is on track to have a net increase of approximately 600 positions in 2021.

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Volvo Trucks provides complete transport solutions for professional and demanding customers, offering a full range of medium to heavy duty trucks. Customer support is secured via a global network of dealers with 2,300 service points in more than 130 countries. Volvo trucks are assembled in 13 countries across the globe. In 2020 approximately 94,000 Volvo trucks were delivered worldwide. Volvo Trucks is part of Volvo Group, one of the world's leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. Volvo Trucks´ work is based on the core values of quality, safety and environmental care.

June 7, 2021

For further information, please contact John Mies, Volvo Trucks, phone 336-543-9094, email [email protected]

www.volvotrucks.us    www.volvotrucks.ca     www.volvotrucks.mx

SOURCE Volvo Trucks North America

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