UAW has Tentative Agreement With Stellantis

UAW Tentative Agreement with Stellantis Announcement – courtesy UAW – 28 October 2023

Ken Zino of AutoInformed.com on UAW has Tentative Agreement With Stellantis

Another enlightened contract.

As with the Ford agreement, the Stellantis contract includes gains valued at more than four times the gains from the union’s 2019 contract.
• It provides more in base wage increases than Stellantis workers have received in the past 22 years.
• The agreement grants 25% in base wage increases through April 2028, and will cumulatively raise the top wage by 33% compounded with estimated COLA to over $42 an hour.
• The starting wage will increase by 67% compounded with estimated COLA, to over $30 an hour.
• The lowest-paid workers at Stellantis, temporary workers, will see a raise of more than 165% over the life of the agreement.
• Some workers at Mopar will receive an immediate 76% increase upon ratification.
• The agreement reinstates major benefits lost during the Great Recession, including Cost-of-Living Allowances and a three-year Wage Progression, as well as killing divisive wage tiers in the union.
• It improves retirement for current retirees, those workers with pensions, and those who have 401(k) plans.
• Consistent with the Ford agreement, the Stellantis deal includes a right to strike over plant closures.
• It also includes a right to strike over product and investment commitments, a historic first for the union.

“Through the power of our Stand Up Strike, we have saved Belvidere,” said UAW Vice President Rich Boyer. “Eight months ago, Stellantis idled Belvidere Assembly Plant, putting 1200 of our members on the street. From the strength of our strike, we are bringing back those jobs and more. Stellantis is reopening the plant and the company will also be adding over a thousand jobs at a new battery plant in Belvidere.”

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