Workers at Ford and Stellantis have voted to ratify tentative agreements between automakers and the United Auto Workers (UAW) labor union after a highly contentious negotiating period that included a six-week strike affecting numerous facilities across the nation. Workers at General Motors voted to ratify the new GM-UAW agreement last week. The new agreements cover labor operations through April of the 2028 calendar year.
Compared to the national UAW vote tally among GM workers, union members at Ford and Stellantis voted heavily in favor of ratification, with roughly 70 percent of Ford workers voting in favor of the agreement, and roughly 68 percent of Stellantis workers voting in favor of the agreement. Meanwhile, the vote among GM workers was more evenly split at 55 percent in favor and 45 percent against.
Ford was the first automaker to reach a tentative agreement with the UAW on October 25th. Stellantis followed suit on October 28th, while GM was the last to reach a tentative agreement on October 30th. Notably, GM workers were the first to ratify the new agreement, albeit by smaller margins than workers at Ford and Stellantis.
All three of the new contracts include large wage increases, with a 25-percent pay increase through 2028, while cost of living adjustments (COLA) will increase wages by as much as 30 percent by the end of the contract. The majority of workers will also receive a $5,000 ratification bonus. The time required to reach the top-tier wages has also been reduced significantly, falling from eight years to three years, with additional vacation time, holidays, and an increase to retirement contributions.
UAW leadership boasts that the new contracts represent bigger yearly gains for workers than in the entirety of the previous four-year agreements. What’s more, UAW leadership indicates that the value of the contract proposals more than doubled compared to the original proposals made prior to the start of strikes on September 15th. The UAW represents 146,000 workers across all three of the Big Detroit automakers (GM, Ford, and Stellantis).
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Comments
So now we can watch as pensions and salary forces another government bailout with taxpayer money just as before. Additionally the green new deal failures are happening as we speak. What a stupid people we apparently are.
Everyone wants more money ………
Apparently NOT realizing that the more they are paid, the more the prices of everything will go UP since it all costs more !!!
SO… The more they are paid the more they PAY for things. What sense does that make????
And there you have it folks —- another Great example of Bidenomics !!!!!!
Ignore the two dummies above. They couldn’t find their butts with both hands. Both need to be sent back to high school because they both flunked Econ 101.