CNH America LLC, a wholly owned subsidiary of CNH Global N.V., has announced that the company and the United Auto Workers have reached a proposed settlement agreement affecting approximately 650 workers in Burlington, Iowa, Racine, Wis., and two other locations.

CNH presented the agreement to the UAW Wednesday evening, and the union has agreed to take the company's proposal to its membership for a ratification vote this weekend.

"We are glad that we have this proposed agreement with the UAW and look forward to a positive ratification vote this weekend so our employees can return to work," said Tom Graham, CNH lead negotiator.

Further details about the proposed agreement will not be released until the UAW presents the proposal to its members.

Source: Company Release