Uaw And Chrysler Agreement

Uaw And Chrysler Agreement

The UAW said a vote to ratify the deal with Fiat Chrysler could take place as early as Dec. 6. If the union is approved, it will avoid repeating its bloody negotiations earlier this year with General Motors. Those talks ignored an exhausting 40-day strike that crippled the company and cost GM millions – and the companies that supply it. Ford and General Motors Co.`s contracts provide all full-time, fixed-term employees hired before the treaty`s ratification date with the means to reach the top of the pay scale within four years of the contracts. The agreements also include high ratification bonuses, do not increase health care costs, and promise billions of investments in U.S. institutions. The provisional agreement comes at the time of the upheaval for the UAW.