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  1. The United Auto Workers membership has ratified the new four-year agreement with FCA. The agreement covers 47,000 employees at FCA's manufacturing facilities and parts distribution centers. FCA will expand manufacturing in the US including a new assembly line in Detroit that will produce two new Jeep models as well as the next generation Jeep Grand Cherokee as well a some electrified models. The four year contract includes: Signing bonus of $9,000 for full-time employees, $3,500 for temporary workers. Full-time workers can now reach the top pay bracket in four years rather
  2. The United Auto Workers membership has ratified the new four-year agreement with FCA. The agreement covers 47,000 employees at FCA's manufacturing facilities and parts distribution centers. FCA will expand manufacturing in the US including a new assembly line in Detroit that will produce two new Jeep models as well as the next generation Jeep Grand Cherokee as well a some electrified models. The four year contract includes: Signing bonus of $9,000 for full-time employees, $3,500 for temporary workers. Full-time workers can now reach the top pay bracket in four years rather
  3. The United Auto Workers and Fiat Chrysler Automobiles have reached a tentative labor agreement for a four-year contract the union and FCA said today. While details were not provided, the main framework of the deal is expected to mirror that of the deals made with Ford Motor Company and General Motors. Those deals include signing bonuses of at least $9,000, no changes for healthcare, and a clearer way forward for temporary employees to become permanent status. On December 4th, a council of the heads of UAW locals will meet and review the agreement and must approve it prior to sendi
  4. Details emerged Wednesday of the labor agreement between the United Auto Workers and Fiat Chrysler Automobiles. The overall contract is similar to the one agreed to by Ford last month. The four year contract includes: Signing bonus of $9,000 for full-time employees, $3,500 for temporary workers. Full-time workers can now reach the top pay bracket in four years rather than the current eight. FCA will create 7,900 jobs through 2023 which includes the 6,500 jobs already announced for a new plant in Detroit. $9 Billion in U.S. manufacturing investments. Dissol
  5. Details emerged Wednesday of the labor agreement between the United Auto Workers and Fiat Chrysler Automobiles. The overall contract is similar to the one agreed to by Ford last month. The four year contract includes: Signing bonus of $9,000 for full-time employees, $3,500 for temporary workers. Full-time workers can now reach the top pay bracket in four years rather than the current eight. FCA will create 7,900 jobs through 2023 which includes the 6,500 jobs already announced for a new plant in Detroit. $9 Billion in U.S. manufacturing investments. Dissol
  6. After a lengthy strike at General Motors that cost the company $2.9 billion, the UAW has agreed to a contract with Ford that looks remarkably similar to the one they got with General Motors. Ford workers ratified the deal on Friday with 56.3 percent voting yes to the new four year agreement. The agreement says that Ford will invest more than $6 billion in its U.S. plants and add or retain 8,500 UAW jobs. The UAW used the GM contract as a template for negotiations with Ford. Like the GM contract, there are no changes in healthcare coverage, there is a pathway to full-time employment for t
  7. The United Auto Workers and Fiat Chrysler Automobiles have reached a tentative labor agreement for a four-year contract the union and FCA said today. While details were not provided, the main framework of the deal is expected to mirror that of the deals made with Ford Motor Company and General Motors. Those deals include signing bonuses of at least $9,000, no changes for healthcare, and a clearer way forward for temporary employees to become permanent status. On December 4th, a council of the heads of UAW locals will meet and review the agreement and must approve it prior to sendi
  8. After a lengthy strike at General Motors that cost the company $2.9 billion, the UAW has agreed to a contract with Ford that looks remarkably similar to the one they got with General Motors. Ford workers ratified the deal on Friday with 56.3 percent voting yes to the new four year agreement. The agreement says that Ford will invest more than $6 billion in its U.S. plants and add or retain 8,500 UAW jobs. The UAW used the GM contract as a template for negotiations with Ford. Like the GM contract, there are no changes in healthcare coverage, there is a pathway to full-time employment for t
  9. Ford and the United Auto Workers (UAW) have reached a tentative labor contract deal in just days after the strike at General Motors ended. The details of the deal have not yet been released, but Ford did confirm the deal in a short statement. The talks began on Monday and the two sides quickly made progress on the smaller issues. Various UAW leaders from the U.S. plants will meet on Friday to approve the deal which then must be sent to Ford's 55,000 union members for ratification. Ford has a closer relationship with the UAW than the other Detroit manufacturers with Ford Executive C
  10. Ford and the United Auto Workers (UAW) have reached a tentative labor contract deal in just days after the strike at General Motors ended. The details of the deal have not yet been released, but Ford did confirm the deal in a short statement. The talks began on Monday and the two sides quickly made progress on the smaller issues. Various UAW leaders from the U.S. plants will meet on Friday to approve the deal which then must be sent to Ford's 55,000 union members for ratification. Ford has a closer relationship with the UAW than the other Detroit manufacturers with Ford Executive C
  11. General Motors' lost $2.9 billion in profit due to the strike according to the company's Q3 earnings report released Tuesday. That number exceeded analyst estimates by $900 million. In the final two weeks of the strike, as further plants had to be shut down due to parts shortages, the company lost $750 million. The total loss is about $2.00 per share. The stock is up 4.71 percent over Monday's close at the time of this writing. The strike hit 31 factories and 21 other facilities including plants in Canada and Mexico which build the Chevrolet Equinox and Chevrolet Blazer respectively. Bo
  12. General Motors' lost $2.9 billion in profit due to the strike according to the company's Q3 earnings report released Tuesday. That number exceeded analyst estimates by $900 million. In the final two weeks of the strike, as further plants had to be shut down due to parts shortages, the company lost $750 million. The total loss is about $2.00 per share. The stock is up 4.71 percent over Monday's close at the time of this writing. The strike hit 31 factories and 21 other facilities including plants in Canada and Mexico which build the Chevrolet Equinox and Chevrolet Blazer respectively. Bo
  13. The UAW has announced that their membership has ratified the new 4-year contract deal with General Motors 23,389 to 17,501. Roughly 46,000 union members will receive an $11,000 ratification bonus while temporary workers will get $4,500. According to GM, work is to resume Monday with the first shift, however GM was attempting to get volunteers to start production earlier on Saturday and Sunday at Flint Assembly and Fort Wayne Assembly where the GMC Sierra and Chevrolet Silverado are built. The strike, which lasted roughly 6 weeks, cost the company $450 million per week. The n
  14. The UAW has announced that their membership has ratified the new 4-year contract deal with General Motors 23,389 to 17,501. Roughly 46,000 union members will receive an $11,000 ratification bonus while temporary workers will get $4,500. According to GM, work is to resume Monday with the first shift, however GM was attempting to get volunteers to start production earlier on Saturday and Sunday at Flint Assembly and Fort Wayne Assembly where the GMC Sierra and Chevrolet Silverado are built. The strike, which lasted roughly 6 weeks, cost the company $450 million per week. The n
  15. The UAW has been striking against General Motors for 31 days, the longest work stoppage since the 1970s. Now news comes that GM and the Union have reached a tentative agreement and the union council will vote today on whether to end the walkout of 46,000 workers or wait until the agreement is ratified by union members. The Union and GM plan to discuss the deal after the vote has taken place. We will update this article as more news comes. Update 1:20 pm: Healthcare remains as-is. Temporary employees have a path to full employment All current hourly workers will
  16. The UAW has been striking against General Motors for 31 days, the longest work stoppage since the 1970s. Now news comes that GM and the Union have reached a tentative agreement and the union council will vote today on whether to end the walkout of 46,000 workers or wait until the agreement is ratified by union members. The Union and GM plan to discuss the deal after the vote has taken place. We will update this article as more news comes. Update 1:20 pm: Healthcare remains as-is. Temporary employees have a path to full employment All current hourly workers will
  17. Negotiators have been meeting daily since the UAW went on strike on September 16th and according to sources, the two sides are nearing a deal as talks have intensified over the last 48 hours. All of the issues have reached the "Main Table" and are out of subcommittee which is a sign that a deal is imminent. The initial offer from GM included $7 billion in investments in eight of its US facilities, while also adding 5,400 new jobs. The UAW rejected the initial offer saying that it wasn't enough in terms of pay raises, healthcare, and tenure requirements. GM also offered an $8,000 signing
  18. Negotiators have been meeting daily since the UAW went on strike on September 16th and according to sources, the two sides are nearing a deal as talks have intensified over the last 48 hours. All of the issues have reached the "Main Table" and are out of subcommittee which is a sign that a deal is imminent. The initial offer from GM included $7 billion in investments in eight of its US facilities, while also adding 5,400 new jobs. The UAW rejected the initial offer saying that it wasn't enough in terms of pay raises, healthcare, and tenure requirements. GM also offered an $8,000 signing
  19. The UAW declared a national strike against General Motors, a first since 2007, after GM failed to reach a deal with union leaders over wages and benefits. A union spokesman said it was a unanimous vote to strike and that the status of the negotiations are unclear. General Motors said that its offer to the UAW included more than $7 billion in U.S. investments, jobs, higher pay, and improved benefits. It included an offer for more than 5,400 jobs, the majority of which would be new. The offer would allocated an electric truck to Detroit-Hamtramck assembly plant and Lordstown would be re
  20. The UAW declared a national strike against General Motors, a first since 2007, after GM failed to reach a deal with union leaders over wages and benefits. A union spokesman said it was a unanimous vote to strike and that the status of the negotiations are unclear. General Motors said that its offer to the UAW included more than $7 billion in U.S. investments, jobs, higher pay, and improved benefits. It included an offer for more than 5,400 jobs, the majority of which would be new. The offer would allocated an electric truck to Detroit-Hamtramck assembly plant and Lordstown would be re
  21. General Motors' announcement to idle and possibly close five plants next year comes around the same time that the company begins their negotiations with the United Auto Workers (UAW). Already, the UAW has said they would go "through every legal, contractual and collective bargaining avenue open to our membership," to try and keep the plants. GM's rationale for the move is to improve profitability and help reduce the underutilization of its plants. As we reported last week, GM represents 1 million of the 3.2 million units of underutilized capacity in the U.S. through October. We shoul
  22. General Motors' announcement to idle and possibly close five plants next year comes around the same time that the company begins their negotiations with the United Auto Workers (UAW). Already, the UAW has said they would go "through every legal, contractual and collective bargaining avenue open to our membership," to try and keep the plants. GM's rationale for the move is to improve profitability and help reduce the underutilization of its plants. As we reported last week, GM represents 1 million of the 3.2 million units of underutilized capacity in the U.S. through October. We shoul
  23. The last thing Volkswagen wants is another issue on its plate. But this week, the UAW has filed an unfair labor practices charge in Tennessee against the automaker. The filing states that Volkswagen declined to negotiate on a contract with the newly formed collective bargaining unit at the Chattanooga, TN plant. Earlier this month, a group of 152 skilled tradesmen voted at the plant voted on whether or not to form a UAW bargaining unit at the plant. With 71 percent votes saying yes, the unit was formed. At the time, Volkswagen said it would appeal the vote to the National Labor Relations B
  24. The last thing Volkswagen wants is another issue on its plate. But this week, the UAW has filed an unfair labor practices charge in Tennessee against the automaker. The filing states that Volkswagen declined to negotiate on a contract with the newly formed collective bargaining unit at the Chattanooga, TN plant. Earlier this month, a group of 152 skilled tradesmen voted at the plant voted on whether or not to form a UAW bargaining unit at the plant. With 71 percent votes saying yes, the unit was formed. At the time, Volkswagen said it would appeal the vote to the National Labor Relations B
  25. The UAW leadership has given the ok to the Ford-UAW tentative agreement that was announced on Friday. According to the Detroit Free Press, the UAW leaders for Ford were briefed yesterday by UAW officials where they gave it the green light. Unlike FCA and GM's contacts, we know a little bit more about what will be coming to Ford's UAW workers. To start, UAW workers will get a $10,000 signing bonus ($8,500 bonus plus $1,500 of profit sharing), a plan to eliminate the two-tier wage system, and $9 billion in investments for future products. The future investments are interesting as the Fre

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