UAW Members Approve 4½ Year Contract With Detroit Big Three
On Monday, members of the United Auto Workers union voted overwhelmingly in favor of a new four and a half-year contract with Detroit’s “Big Three” automakers – Ford, General Motors, and Fiat Chrysler. The UAW’s agreement reinforces that such a long-term contract is seen as the ideal outcome for the increasingly competitive U.S. auto market.
The deal, which was announced on Friday, marks significant progress in the process of closing the chapter of the so-called Detroit auto bailout which lasted from 2009 to 2014. The agreement includes a number of improvements to compensation and work conditions, as well as investment by the automakers in green initiatives. It also encompasses a wage increase of 3% in the first year of the contract and a 4% lump-sum payment in the fourth year of the contract. Additionally, the contract was designed to provide additional pensions and health care to retired workers.
UAW President Dennis Williams praised the union’s members for approving the new contract, stating, “The ratification process of this agreement has reached a successful conclusion with our UAW members making a strong statement for the middle class.” Williams credited strong collaboration between the union and the automakers for creating a contract that will “benefit existing members, as well as create new jobs, bring work back to the United States, and keep our members at the forefront of the new technologies that will drive the 21st century auto industry.”
The successful conclusion of the Detroit Big Three contract negotiations demonstrates the strength and solidarity of the United Auto Workers union. The agreement is a major accomplishment that will help the UAW to continue to build on its current success and make positive contributions to the United States auto industry.
The UAW-Detroit Big Three contract is a key victory for workers, and it highlights the value of having strong labor unions to protect the rights of employees and help keep the economy fair and vibrant.
UAW Members Approve 4½ Year Contract With Detroit Big Three
On Monday, members of the United Auto Workers union voted overwhelmingly in favor of a new four and a half-year contract with Detroit’s “Big Three” automakers – Ford, General Motors, and Fiat Chrysler. The UAW’s agreement reinforces that such a long-term contract is seen as the ideal outcome for the increasingly competitive U.S. auto market.
The deal, which was announced on Friday, marks significant progress in the process of closing the chapter of the so-called Detroit auto bailout which lasted from 2009 to 2014. The agreement includes a number of improvements to compensation and work conditions, as well as investment by the automakers in green initiatives. It also encompasses a wage increase of 3% in the first year of the contract and a 4% lump-sum payment in the fourth year of the contract. Additionally, the contract was designed to provide additional pensions and health care to retired workers.
UAW President Dennis Williams praised the union’s members for approving the new contract, stating, “The ratification process of this agreement has reached a successful conclusion with our UAW members making a strong statement for the middle class.” Williams credited strong collaboration between the union and the automakers for creating a contract that will “benefit existing members, as well as create new jobs, bring work back to the United States, and keep our members at the forefront of the new technologies that will drive the 21st century auto industry.”
The successful conclusion of the Detroit Big Three contract negotiations demonstrates the strength and solidarity of the United Auto Workers union. The agreement is a major accomplishment that will help the UAW to continue to build on its current success and make positive contributions to the United States auto industry.
The UAW-Detroit Big Three contract is a key victory for workers, and it highlights the value of having strong labor unions to protect the rights of employees and help keep the economy fair and vibrant.
