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

‘Eat now, pay later’? DoorDash-Klarna deal fuels concerns...

March 26, 2025

Trump ends de minimis exemption for global low-cost...

July 31, 2025

Immersive entertainment company Cosm lands rights to broadcast...

October 30, 2024

Charlie Munger, investing genius and Warren Buffett’s right-hand...

November 29, 2023

Fatburger parent company, chairman charged in alleged fraud...

May 14, 2024

Mattel pulls thousands of ‘Wicked’ dolls off shelves...

November 14, 2024

The ‘absolute worst’ of times for car buying...

May 27, 2024

Walmart is laying off and relocating hundreds of...

May 17, 2024

McDonald’s exec says average menu item costs 40%...

June 1, 2024

Trump rejects off-ramp to fund DHS as airport...

March 26, 2026

    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 (1,618)
    • Investing (5,287)
    • Politics (7,012)
    • 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