Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

UAW autoworkers officially ratified new contract, union says

by 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
A NEW ERA of Growth Leadership?
next post
Helium Evolution Confirms First Helium Discovery

Related Posts

Prosecutors in Sam Bankman-Fried trial compare defense argument...

October 24, 2023

American Express CFO says spending picked up at...

January 26, 2025

Job openings nudged lower in November, down to...

January 4, 2024

You have a month left to get your...

August 1, 2023

Mattel says Barbies and Hot Wheels could soon...

February 6, 2025

Treasury Secretary Yellen announces $100M affordable housing fund...

June 26, 2024

Walmart fined for shipping realistic toy guns to...

May 28, 2025

What to expect as the Fed prepares its...

December 13, 2023

Investor convicted in Trump Media insider trading case

May 10, 2024

Warren Buffett gives away another $5.3 billion, says...

June 28, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • MP Materials, US Department of Defense Strike Saudi Rare Earths Refinery Deal

    • Crypto Market Update: Bitcoin Price Logs Weakest Month Since 2022

    • Tech Weekly: NVIDIA Earnings Impress, Bezos Launches AI Startup

    • Editor’s Picks: Gold and Silver Prices Stay Steady, Barrick Faces Breakup Rumors

    • Top 5 Canadian Mining Stocks This Week: Sigma Lithium Flips the Switch with 64 Percent Gain

    Categories

    • Business (1,414)
    • Investing (3,185)
    • Politics (3,699)
    • Stocks (1,858)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.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 © 2025 moneycontrolplace.com | All Rights Reserved