Revenue Agenda
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Revenue Agenda
No Result
View All Result
Home Editor's Pick

Autoworkers hesitate on new contracts despite ‘record’ pay increases

by
November 11, 2023
in Editor's Pick
0
Autoworkers hesitate on new contracts despite ‘record’ pay increases
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Workers at Ford, Stellantis and General Motors are weighing in on the new contracts proposed by their union and the Big Three — and a few of them seem unsatisfied with what they’re being offered.

UAW Local 598, which represents workers and retirees at a General Motors truck plant in Flint, Michigan, said Thursday that 51.8% of its members voted to reject the deal. Production workers in the chapter narrowly opposed the new contract, while a smaller group of skilled workers strongly supported it.

Another group of GM employees, UAW Local 659, said Tuesday that production workers at the Flint engine operations plant also voted against the deal by a 52% to 48% margin. Other parts of the chapter were strongly in favor, however.

The proposed contracts were negotiated after members of the UAW went on strike for more than six weeks. If majorities at each automaker approve, the pacts will last through April 30, 2028. Union members will get an 11% initial wage increase and a total pay increase of 25% over the course of the 4½ year deal. The new contracts also reinstate cost-of-living adjustments, let workers reach top wages in three years instead of eight, and protect their right to strike over plant closures.

Both the United Auto Workers and the carmakers described the deals as ‘record’ contracts based on those pay increases.

While some union chapters have posted their vote totals on social media, others have not disclosed them, and the UAW will only make the final results public. So it’s hard to know what the negative votes say about the odds the contracts will be approved.

Compared to GM, Ford employees seem a bit more enthusiastic. Ford was the first of the Big Three to reach an agreement with the UAW, and its members are scheduled to finish voting on the proposed contact Nov. 17.

The first group of Ford employees to weigh in was Local 900 at the Michigan assembly plant, which was the first Ford plant to go on strike. The UAW said 82% of those members voted to ratify the contract, with more than 3,000 ‘yes’ votes.

This post appeared first on NBC NEWS
Previous Post

Jill Stein announces 2024 Green Party bid for president

Next Post

Moody’s lowers U.S. credit outlook, citing political dysfunction

Next Post
Moody’s lowers U.S. credit outlook, citing political dysfunction

Moody’s lowers U.S. credit outlook, citing political dysfunction

  • Trending
  • Comments
  • Latest
Top 10 Potash Countries by Production (Updated 2024)

Top 10 Potash Countries by Production (Updated 2024)

August 21, 2024
Top 10 Phosphate Countries by Production (Updated 2024)

Top 10 Phosphate Countries by Production (Updated 2024)

August 1, 2024
Top 10 Uranium-producing Countries (Updated 2024)

Top 10 Uranium-producing Countries (Updated 2024)

November 6, 2024
Top 10 Oil-producing Countries (Updated 2024)

Top 10 Oil-producing Countries (Updated 2024)

August 5, 2024
Preparations for Maiden Drill Program at Oasis

Preparations for Maiden Drill Program at Oasis

0
New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

0

Pennsylvania House clears tax credits for new teachers, nurses, police officers

0
Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

0
Preparations for Maiden Drill Program at Oasis

Preparations for Maiden Drill Program at Oasis

June 25, 2025
Top 10 Copper-producing Companies

Top 10 Copper-producing Companies

June 25, 2025
Germany, Italy Face Pressure to Repatriate US$245 Billion in Gold as Trust in US Custody Wavers

Germany, Italy Face Pressure to Repatriate US$245 Billion in Gold as Trust in US Custody Wavers

June 25, 2025
Lode Gold Engages Strategic Advisors to Advance Development of the Fremont Mine in Gold County- Mariposa, California

Lode Gold Engages Strategic Advisors to Advance Development of the Fremont Mine in Gold County- Mariposa, California

June 25, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

Error: Contact form not found.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent News

Preparations for Maiden Drill Program at Oasis

Preparations for Maiden Drill Program at Oasis

June 25, 2025
Top 10 Copper-producing Companies

Top 10 Copper-producing Companies

June 25, 2025
Germany, Italy Face Pressure to Repatriate US$245 Billion in Gold as Trust in US Custody Wavers

Germany, Italy Face Pressure to Repatriate US$245 Billion in Gold as Trust in US Custody Wavers

June 25, 2025
Lode Gold Engages Strategic Advisors to Advance Development of the Fremont Mine in Gold County- Mariposa, California

Lode Gold Engages Strategic Advisors to Advance Development of the Fremont Mine in Gold County- Mariposa, California

June 25, 2025
  • About us
  • Privacy Policy
  • Terms & Conditions
  • About us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 revenueagenda.com | All Rights Reserved

No Result
View All Result
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy

Copyright © 2025 revenueagenda.com | All Rights Reserved