The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Business

UAW autoworkers officially ratified new contract, union says

by admin November 22, 2023
November 22, 2023
UAW autoworkers officially ratified new contract, union says

The United Auto Workers announced Monday that employees at each of the Big Three U.S. automakers officially ratified new contracts.

It had been clear for several days that the contract would win approval. The union said 64% of employees at Ford, Stellantis and General Motors voted to accept the deals, which were won after a six-week strike.

The new contract will give union workers an immediate pay increase of 11%, and union members will get a total pay increase of 25% over the course of the 4½-year deal. The new contracts also reinstate cost-of-living adjustments, let workers reach top wages in three years instead of eight, and protect their right to strike over plant closures.

The contracts were negotiated after members of the UAW went on strike from Sept. 15 until late October, in its first simultaneous strike against Ford, GM and Stellantis, which owns Chrysler and other brands.

According to the UAW’s ratification trackers, 70.0% of employees at Stellantis and 69.3% at Ford voted for the new contracts. The vote was far closer at GM, where just 54.7% of voting members approved. The trackers show that 102,679 workers voted out of about 146,000 UAW members employed by the Big Three.

The new contracts are set to expire April 30, 2028. With ratification almost complete, the union is beginning to turn its sights toward Tesla and Toyota, whose U.S. workers aren’t unionized.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Cruise CEO Kyle Vogt resigns from GM-owned robotaxi unit
next post
Helium Evolution Confirms First Helium Discovery

Related Posts

Nike pushes back Skims launch with Kim Kardashian...

June 20, 2025

Surging AI demand could cause the world’s next...

September 27, 2024

Boeing and Alaska Airlines point fingers at each...

March 16, 2024

Applebee’s owner Dine Brands to lean on value,...

March 8, 2025

In wake of L.A. wildfires, a diverse small...

March 4, 2025

Amazon surpasses Walmart in revenue for the first...

February 22, 2025

Mortgage rates see biggest one-day drop in over...

September 6, 2025

Former FTX chief Sam Bankman-Fried seeks no more...

February 29, 2024

Biden administration delays enforcing order blocking Nippon Steel-U.S. Steel deal

January 14, 2025

Judge allows lawsuit over Burger King’s Whopper ads...

May 8, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,578)
    • Investing (4,695)
    • Politics (6,166)
    • World (4,762)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved