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Milwaukee, WI - June 1, 2006 - Joy Global Inc. (NASDAQ: JOYG), a worldwide leader in high-productivity mining solutions, today announced the signing of a new four-year labor agreement covering 650 employees of its Franklin, PA facilities. These facilities are two of the primary manufacturing sites for Joy Mining Machinery in the United States.
"We are pleased to have been able to reach a mutually acceptable resolution," commented Dennis Winkleman, executive vice president, human resources of Joy Global Inc. "I commend our employees for their commitment to working through some difficult, but important issues. This settlement ensures that we remain focused on meeting the increasing needs of our customers."
Forward Looking Statements
The forward-looking statements in this press release are based on our current expectations and are made only as of the date of this press release. We undertake no obligation to update forward-looking statements to reflect new information. We cannot assure you the projected results or events will be achieved. Because forward-looking statements involve risks and uncertainties, they are subject to change at any time. Such risks and uncertainties, many of which are beyond our control, may reduce our profits and include other risks, uncertainties and cautionary factors set forth in our public filings with the Securities and Exchange Commission.
