Yes!

Great for Wisconsin.

The labor union at Mercury Marine Inc. approved contract concessions aimed at keeping hundreds of jobs at the outboard-engine factory here, instead of sending the work to Oklahoma.

The concessions were approved in a two-day vote Thursday and Friday, the International Association of Machinists and Aerospace Workers said Friday evening.

Among other things, the union accepted a wage freeze and 30% less pay for new hires and workers called back from layoff.

As a result of the vote, Mercury now says it will keep its manufacturing in Fond du Lac and will bring additional work to the plant from its non-union plant in Stillwater, Okla.

This is great news for Wisconsin and I’m happy that the company bent over backwards to allow another vote and that the union got it right on the third try. 

On the other hand, I fail to see how this is a good business decision for Mercury Marine.  If I were a shareholder, I’d look long and hard at this decision.