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
Cruise CEO Kyle Vogt resigns from GM-owned robotaxi unit
next post
Helium Evolution Confirms First Helium Discovery

Related Posts

Paramount mandates 5-day-a-week return to office ahead of...

September 5, 2025

Rural town braces for Tyson plant closure as...

August 28, 2023

Inflation cooled to 4% in May — the...

June 15, 2023

Inflation expected to worsen in August because of...

September 13, 2023

Consumer advocates and realtors hail NAR settlement: What it...

March 26, 2024

Toyota recalling 1.12 million vehicles over potential air...

December 21, 2023

Target says its holiday sales were better than...

January 17, 2025

Biden administration bans noncompete agreements, setting up legal...

April 24, 2024

Disney tops quarterly profit estimates but starts to...

February 6, 2025

Burger King must face lawsuit claiming its Whoppers...

August 31, 2023

    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

    • 10 Silver ETFs for Every Investing Style in 2025

    • Humanoid Robotics: Key Trends to Watch and Investment Insights

    • Why SQM Says Social Dialogue is Key to Sustainable Lithium

    • Group Eleven Drills New Mineralized Zone South of Main Discovery Trend at Ballywire, Returning 7.3m of 5.2% Zn+Pb, 10 g/t Ag , Incl. 3.8m of 7.3% Zn+Pb, 14 g/t Ag

    • Blackrock Silver Announces Final Assays from Eastern Expansion Drill Program at Tonopah West

    Categories

    • Business (1,418)
    • Investing (3,224)
    • Politics (3,699)
    • Stocks (1,868)
    • 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