Current:Home > InvestStellantis, UAW reach tentative deal on new contract, sources say-VaTradeCoin
Stellantis, UAW reach tentative deal on new contract, sources say
lotradecoin trading with stablecoins View Date:2025-01-12 16:29:53
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: [email protected]. Become a subscriber.
veryGood! (28329)
Related
- One Tech Tip: How to protect your communications through encryption
- Billy Ray Cyrus reportedly called ex Tish a 'skank.' We need to talk about slut-shaming.
- Comedian Carrot Top reflects on his 30-year friendship with Toby Keith
- In first Olympics since Russian imprisonment, Brittney Griner more grateful than ever
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Divers Sarah Bacon and Kassidy Cook win Team USA's first medal in Paris
- Andy Murray pulls off unbelievable Olympic doubles comeback with Dan Evans
- Shop the Best Nordstrom Anniversary Sale 2024 Home Deals: Le Creuset, Parachute, Viking & More
- Stock market today: Asian stocks are mixed ahead of key US inflation data
- Why these Apache Catholics felt faced with a ‘false choice’ after priest removed church’s icons
Ranking
- This house from 'Home Alone' is for sale. No, not that one.
- Danielle Collins is retiring from tennis after this year, but she's soaking up Olympics
- In first Olympics since Russian imprisonment, Brittney Griner more grateful than ever
- Maine State Police investigate discovery of 3 bodies at a home
- This house from 'Home Alone' is for sale. No, not that one.
- Serena Williams' Husband Alexis Ohanian Aces Role as Her Personal Umbrella Holder
- A Vermont man is charged with aggravated murder in an 82-year-old neighbor’s death
- Watch this driver uncover the source of a mysterious noise under her car hood
Recommendation
-
North Dakota regulators consider underground carbon dioxide storage permits for Midwest pipeline
-
Drag queens shine at Olympics opening, but ‘Last Supper’ tableau draws criticism
-
Dwyane Wade Olympics broadcasting: NBA legend, Noah Eagle's commentary praised on social media
-
Judge denies bid to move trial of ex-officer out of Philadelphia due to coverage, protests
-
Our 12 favorites moments of 2024
-
Senate candidate Bernie Moreno campaigns as an outsider. His wealthy family is politically connected
-
Paris Olympics cancels triathlon training session because Seine too dirty
-
Grimes' Mom Accuses Elon Musk of Withholding Couple's 3 Kids From Visiting Dying Relative