United Steelworkers Local 566 President Jeremy Bauer says the agreement covers pay and benefits. It will be put to a vote of union members.
Neither the company nor the union has released details, saying the agreement is not yet final.
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Bobcat says it will keep 150 non-manufacturing positions in Bismarck, including engineering and accounting.
The West Fargo-based company makes skid steer loaders and other light construction equipment.
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