Auto workers union announces tentative agreement to end strike with Stellantis
Today, the United Auto Workers (UAW) and Stellantis (formerly known as Fiat Chrysler Automobiles) have announced a tentative agreement that, if ratified, would end the ongoing strike between the two entities.
The two sides have been bargaining hard for a new contract since October and reached a deal on Saturday that will be submitted to UAW-FCA members for ratification.
The UAW states that the agreement includes numerous gains for their members, including wage increases, improved working conditions and significant new investments. These include investments of $9 billion in U.S. manufacturing and the creation of over 5,000 new jobs.
In addition, UAW-FCA members will receive a ratification bonus of $9,000, as well as a two-tier wage system that will enable entry-level workers to earn up to $30 per hour.
The two sides have reached an agreement on health care coverage, with Stellantis providing a comprehensive plan that would enable members to receive cheaper health care coverage.
This is a breakthrough moment between the UAW and Stellantis, and is seen as a sign of good faith between the two sides. The new contract is expected to be ratified by UAW-FCA members in the coming weeks, ending the strike and allowing the two sides to focus on strengthening their relationship.