"UAW Strikes Deals with Stellantis and Ford, Securing Pay Gains for Union Workers"

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Source: CNBC
"UAW Strikes Deals with Stellantis and Ford, Securing Pay Gains for Union Workers"
Photo: CNBC
TL;DR Summary

The United Auto Workers (UAW) and Stellantis have reached a tentative agreement to end the labor strike that has been ongoing for six weeks. The terms of the deal, which are patterned off the agreement reached with Ford, still need to be approved by UAW leadership. The union plans to announce the tentative agreement on Saturday. The strikes have cost GM, Ford, and Stellantis billions of dollars in lost production. The proposed agreements are record-setting for the union, and it is not immediately clear how much they will increase labor costs for the companies.

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