• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick UAW autoworkers officially ratified new contract, union says
Editor's Pick

UAW autoworkers officially ratified new contract, union says

by November 22, 2023
by November 22, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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
You Might Also Like
  • WWE agrees to merge with UFC to create a new company run by Ari Emanuel and Vince McMahon
  • Starbucks is giving incoming CEO Brian Niccol $85 million in cash and stock as he departs Chipotle
  • Why companies are canceling summer Fridays
  • Shares in gun manufacturers soar after Trump assassination attempt
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Iran-backed militia hits US forces at Iraq air base, injuring 8, prompting retaliation
next post
A NEW ERA of Growth Leadership?

You may also like

Southwest fined $140 million over 2022 holiday flight disruptions

December 18, 2023

Waiting for your tax refund? There are other ways to...

February 6, 2024

Lululemon shares drop 15% as CEO says inflation, economic concerns...

March 28, 2025

The Camaro is about to drive off into the sunset,...

March 24, 2023

What Fed chief Powell said about crypto that may have...

December 6, 2024

TikTok-inspired thefts prompt 17 states to urge recall of Kia,...

April 23, 2023

Google’s second antitrust trial could help shape the future of...

September 6, 2024

The Body Shop shuts down U.S. operations, with plans to...

March 12, 2024

Where are low-cost airlines cutting back now? New planes.

September 2, 2024

Treasury ends enforcement of business ownership database meant to stop...

March 3, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • S&P 500, Bitcoin & XLK: What the Charts Are Saying Now

      May 20, 2025
    • Levi Strauss to sell Dockers to brand management firm Authentic Brands Group

      May 20, 2025
    • Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion

      May 20, 2025
    • Not All Price Gaps Are the Same! Here’s How to Trade Them

      May 20, 2025
    • Earnings Watch: Smart Setups in HD, PANW, and BJ

      May 19, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,681 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,384 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,366 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,341 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,225 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,087)
    • Investing (538)
    • Stock (2,557)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • S&P 500, Bitcoin & XLK: What the Charts Are Saying...

      May 20, 2025
    • Levi Strauss to sell Dockers to brand management firm Authentic...

      May 20, 2025
    • Tariffs or not, a Chinese baby products company is ramping...

      May 20, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,087)
    • Investing (538)
    • Stock (2,557)

    Disclaimer: RoundTableThoughts.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 © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Apple Watch ban halted by appeals...

    December 29, 2023

    Why the ‘wealth transfer’ from boomers...

    December 30, 2023

    NFL open to private equity team...

    July 12, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here