Allison Transmission Global Headquarters

Allison Transmission and UAW Reach Tentative Five-Year Labor Agreement

Allison Transmission

INDIANAPOLIS, Nov. 16, 2012 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE: ALSN) announced today that it has reached a new five-year tentative labor agreement with United Auto Workers (UAW) Local 933. The new labor contract must still be ratified by the union membership.

"We are happy to come to this tentative agreement. Both parties have worked hard to develop an agreement that continues to build a future for our employees and Allison Transmission," said Robert M. Price, Allison Transmission's Vice President of Human Resources. "We are excited to continue providing our customers and business partners with the high level of products and services they have come to expect."

The UAW represents approximately 1,500 employees at various Allison Transmission locations in Indianapolis. Negotiations have been underway since Sept. 4.

About Allison Transmission

Allison Transmission (NYSE: ALSN) is the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles and is a leader in electric hybrid-propulsion systems for city buses. Allison transmissions are used in a variety of applications including refuse, construction, fire, distribution, bus, motorhomes, defense and energy. Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA and employs approximately 2,900 people worldwide. With a market presence in more than 80 countries, Allison has regional headquarters in the Netherlands, China and Brazil with manufacturing facilities in the U.S., Hungary and India. Allison also has approximately 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.