Current:Home > StocksStellantis, UAW reach tentative deal on new contract, sources say -Nova Finance Academy
Stellantis, UAW reach tentative deal on new contract, sources say
View
Date:2025-04-23 13:42:18
The United Auto Workers and Stellantis have a tentative agreement, according to two sources with knowledge of the situation.
The deal, reached following meetings between union and company officials this week, leaves only General Motors without a tentative union agreement among the Detroit Three.
The agreement between Stellantis and the United Auto Workers union will need to be ratified by members before it can go into effect. It follows the announcement of a deal between Ford and the union on Wednesday, which was expected to substantially increase pressure on the other two companies to reach a settlement.
The union had been on strike at targeted facilities against all three automakers since mid-September, but the union ended its strike against Ford after announcing the tentative agreement there. It wasn’t immediately clear if the union would follow the same plan with Stellantis.
More:GM, Stellantis meet with UAW, seeking deal ‘as soon as possible’
The union, which had been on strike at the company's Toledo Assembly Complex in Ohio and numerous parts distribution centers across the country, expanded the strike on Monday to Stellantis' Sterling Heights Assembly Plant, where the profitable Ram 1500 pickup is built.
The deal with Ford includes a 25% wage increase over the life of the contract along with other improvements, according to the union. The deal with Stellantis is expected to follow the general pattern of that agreement.
Details on the agreement with Stellantis, owner of the Jeep, Ram, Chrysler, Dodge and Fiat brands, are expected to be released in the coming days.
Stellantis spokeswoman Jodi Tinson declined to comment.
Contact Eric D. Lawrence: elawrence@freepress.com. Become a subscriber.
veryGood! (7)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Henry Cort stole his iron innovation from Black metallurgists in Jamaica
- ‘Barbie’ joins $1 billion club, breaks another record for female directors
- Cambodia’s king appoints army chief Hun Manet as successor to his father, long-ruling Hun Sen
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Ukraine replaces Soviet hammer and sickle with trident on towering Kyiv monument
- 8-year-old Chicago girl fatally shot by man upset with kids making noise, witnesses say
- U.S. Women's National Team Eliminated From 2023 World Cup After Cruel Penalty Shootout
- 'Most Whopper
- In Youngstown, a Downtown Tire Pyrolysis Plant Is Called ‘Recipe for Disaster’
Ranking
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Teen charged with hate crime in New York City stabbing death of O'Shae Sibley
- 'Down goes Anderson!' Jose Ramirez explains what happened during Guardians-White Sox fight
- Bachelor Nation Status Check: Which Couples Are Still Continuing Their Journey?
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- What's next for Simone Biles? After dominant return, 2024 Paris Olympics beckon
- Historian on Trump indictment: The most important criminal trial in American history
- Paris Hilton Shares Why She's Sliving Her Best Life With Husband Carter Reum
Recommendation
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Your HSA isn't just for heath care now. Here are 3 ways it can help you in retirement.
Boating this summer? It's important to take precautions—bring these safety items
Psychiatrist Pamela Buchbinder convicted a decade after plotting NYC sledgehammer attack
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Elon Musk says he may need surgery before proposed ‘cage match’ with Mark Zuckerberg
The Mega Millions jackpot has soared to $1.55 billion. Here’s how hard it is to win
Why the U.S. government may try to break up Amazon