Labor Policy Director Vincent Vernuccio was a guest on Fox Business Monday, discussing contract unrest at Caterpillar. The company wants to reform pensions and freeze automatic wage increases while offering merit-based raises. Union employees at the company make an average of $55,000 a year before overtime. Vernuccio said the union feels threatened by incentive bonuses the company gave workers because it makes union bosses unnecessary in order for employees to make money.
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