The United Auto Workers (UAW) has reached a tentative deal with automakers for higher raises, pending approval of the rank and file. The deal, modeled on agreements with Ford and Stellantis, would give workers higher raises and claw back some concessions. However, analysts warn that the deals may lead to higher prices and increased labor costs for automakers during the transition to electric vehicles.
The deal UAW President Shawn Fain closed on his 55th birthday is modeled on the ones agreed to with crosstown rivals Ford and Jeep-maker Stellantis, and would give workers higher raises than they've received in years. If approved, it would also claw back some concessions the UAW agreed to almost two decades ago, when the automakers were in desperate financial shape.
Fain, the first UAW president directly elected by members in the union’s 88-year history, campaigned against the union establishment by telling workers the companies are the enemy and the UAW would be at war with them. He decried what he called corporate greed, outrageous CEO salaries and a system where the union acted as a business partner with the automakers.
Seeking to bring the talks to an end and facing an estimated $200 million per week in losses, GM CEO Mary Barra went to the union’s Detroit headquarters to finalize the deal. Mike Huerta, president of a striking UAW local in Lansing, Michigan, was hesitant to celebrate the deal before seeing more information, saying “the devil’s in the details.”
Marick Masters, a business professor at Wayne State University in Detroit, said the contracts will cost the automakers billions and force them to cut costs elsewhere or raise prices. Ford said earlier that its deal with the union would raise labor costs by $850 to $900 per vehicle. With increased costs and geopolitical uncertainty, Detroit automakers face an increasingly difficult future, Masters said.
UAW Automakers Tentative Deal Higher Raises Concessions Labor Costs Electric Vehicles
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
UAW Reaches Tentative Labor Deal with Stellantis, Moves Closer to Record Wage HikesThe United Auto Workers (UAW) has reached a tentative labor deal with Stellantis, bringing them closer to securing record wage hikes and ending the first simultaneous strike against the Detroit Three automakers. The deal includes a 25% wage hike and an agreement to reopen a Jeep factory that was previously shuttered. Negotiations with GM are still ongoing.
Lire la suite »
Stellantis Reaches Tentative Contract Agreement with UAWJeep maker Stellantis has reached a tentative contract agreement with the United Auto Workers union, following a template set by Ford. The agreement could end a six-week strike by over 14,000 workers at Stellantis assembly plants in Michigan and Ohio.
Lire la suite »
General Motors reaches tentative agreement with UAW, potentially ending 6-week strikeDETROIT (AP) — General Motors and the United Auto Workers union reach a tentative contract agreement, according to an AP source. The deal follows the pattern set with Ford last week and Jeep maker Stellantis over the weekend.
Lire la suite »
GM reaches tentative deal with UAW to end six-week strikeGeneral Motors Co. reached a tentative agreement with the United Auto Workers (UAW) to end a six-week-old strike with similar terms to the deal signed earlier by Ford Motor Co., according to people familiar with the matter.
Lire la suite »
GM Reaches Tentative Deal With UAWThe United Auto Workers union said it reached a tentative deal with General Motors on Monday, more than six weeks after workers went on strike. The company...
Lire la suite »