Veltex Corporation (VLXC)

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The agreement increases the average hourly wage of $19.90 by $2.25 over five years. Health-insurance coverage will be maintained with no cost to workers, who pay no premiums or copayments. The companies agreed to pay $3.10 per hour toward workers' health care and pensions.

Workers' wages also are protected if inflation rises above 3%. Hourly pay will increase one cent for every 0.2% that inflation rises. If inflation increases 1% , workers will get a raise of five cents per hour. Inflation last year was 2.4% .

what a deal for the teamsters!

Teamsters, 4 Trucking Companies Enter Tentative Pact

http://biz.yahoo.com/djus/030206/1805001073_1.html