Sept 24 (Reuters) - The Teamsters Union, which

represents more than 700 workers at BorgWarner ( BWA ), said on

Tuesday it has reached an agreement for a new four-year contract

with the auto parts maker.

The new contract reflects a 21% wage increase over the life

of the agreement, along with better medical and vacation

benefits and a $5,500 ratification bonus.

"We weren't asking for the moon, just a piece of the pie.

This new contract is exactly what we were fighting for," said

Lane Yon, a member of Teamsters Local 317 and chairperson of the

strike committee.

Union workers at BorgWarner ( BWA ) were on strike over the last two

weeks, which was authorized by 98% by its members in a vote.