LAUREL, MS (WDAM) - Union workers voted Thursday to ratify a contract from the Masonite Corporation in Laurel avoiding a possible strike at the mill.
Union members voted to accept what Masonite called its last, best and final offer. The new three-year contract includes a freeze in the defined benefit pension plan, an increase to the 401k plan to a 100 percent match of the first 5 percent of contributions and a 3 percent wage increase over the contract term.
The Laurel mill, which has been in operation since the 1920s, employs 457 people; 260 belong to the International Association of Machinists Union.
Masonite manufactures a type of hardboard often used as flooring. It was invented by William H. Mason in 1924 in Laurel.
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