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
Rare fossil reveals behavior dinosaurs may have had in common with birds
next post
Helium Evolution Confirms First Helium Discovery

Related Posts

Top Anheuser-Busch marketing executive is leaving after collapse...

November 18, 2023

Father and son fraudsters sentenced in case of...

May 14, 2025

‘Shark Tank’ alum Bombas taps former Under Armour...

May 16, 2025

Gas prices are rising. Here’s how to stretch...

July 9, 2024

United Airlines CEO responds to string of safety...

March 21, 2024

The U.S. economy grew at a 3.3% pace...

January 27, 2024

Inflation vs. wages: How rising prices stack up...

June 28, 2024

Fear of credit card debt adds fuel to...

December 22, 2023

Silver lining for consumers: Food price growth has...

May 16, 2024

Amazon workers must return to office full time,...

September 18, 2024

    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 (1,371)
    • Investing (3,267)
    • Politics (4,429)
    • World (4,359)
    • 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