Mercury Marine has negotiated a new contract with its labour union, IAMAW Lodge 1947, that will be in place through August 2023. It was voted in favour by the union members.

Mercury did not release many details of the agreement, but said the contract includes wage increases and enhanced benefits “providing for increased flexibility”.

“Both the company and the IAMAW saw an opportunity to strengthen our partnership and worked very closely to put together an agreement that will benefit our employees and the company now and in the future,” said John Pfeifer, Mercury Marine president, in a statement.

Mercury Marine employs close to 3,200 people at its global headquarters in Fond du Lac, Wisconsin, and more than 6,000 worldwide. Since 2009, Mercury Marine has invested more than US$800m on expansions and new product development. The company said that 85% of the work was done by Wisconsin-based companies.

Mercury has also added more than 700 hourly jobs since 2009.