UAW reaches deals with GM, Stellantis

The United Auto Workers strike could be ending.

Monday morning, Bloomberg broke the news of UAW reaching a tentative agreement with General Motors. The news followed UAW reaching similar pacts with Ford and Stellantis in the past week.

Bloomberg reported the deal echoed many of the same terms reached with the other two Big Three automakers, a 25 percent general wage increase.

Saturday, UAW President Shawn Fain in a video posted to the social media platform X, formerly Twitter, announced the tentative agreement with Stellantis.

Along with the 25 percent general wage increase for Stellantis workers, the starting rate will increase by 67 percent. The agreement also included the reopening of a closed plant and the hiring of 5,000 workers.

“We achieved what weeks ago were told was impossible. The power of the stand-up strike cannot be understated,” Fain said. “Over the 44 days of the strike, Stellantis more than doubled the total values of the proposals they had on the table.

“We began to turn the tide on the war on the American working class. We truly are saving the American dream.”

The agreement will go to the National Stellantis Council for a vote Thursday on whether to send it to the general membership. A Facebook Live event will follow Thursday detailing the deal. Regional meetings will then be held to get information to local leadership. The union members will then be held to ratify the pact.

While waiting to vote on the pact, UAW leadership has asked striking workers to return to work.

In a press release, Stellantis North America COO Mark Stewart acknowledged the agreement.

“I would like to thank all the negotiating teams who have worked tirelessly for many weeks to get to this point. We look forward to welcoming our 43,000 employees back to work and resuming operations to serve our customers and execute our Dare Forward 2030 strategic plan to maintain Stellantis’ position at the forefront of innovation,” Stewart said.

Total
0
Shares
Previous Post

CARFAX notes used vehicle prices remain steady

Next Post

Wholesale used vehicle prices decline at end of October

Related Posts