DETROIT (AP) – Union workers at Detroit Diesel have ratified a 5-year contract that raises compensation and commits the Daimler Trucks North America subsidiary to future work.

The agreement ratified Tuesday by UAW Local 163 includes a $5,000 signing bonus and a wage increase for all classifications. It also includes pension increases for pension-eligible employees and an increased company matching contribution for non-pension eligible employees.

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Detroit Diesel Head of Operations Jeff Allen says in a statement it’s a “win/win situation” for the company and workers.

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In a statement, UAW Local 163 President Ralph Morris Jr. says the contract “not only recognizes the hard work and contributions that our members have made to the success of Detroit Diesel, but positions Detroit Diesel to be a premier employer in southeastern Michigan for years to come.”

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