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

UAW members approve 4½-year contract with Detroit’s Big Three

by
November 17, 2023
in Editor's Pick
0
UAW members approve 4½-year contract with Detroit’s Big Three
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Union members at Ford, Stellantis and General Motors have ratified a new 4½-year contract, locking in at 11% pay increases secured after a six-week strike in September and October.

The United Auto Workers said that roughly 67% of Ford employees represented by the UAW voted in favor of the contract, which will last through April 30, 2028.

Voting officially ends Friday, but with around 57,000 union employees at Ford, the contract appeared headed toward easy ratification.

The contracts were negotiated after members of the UAW went on strike from Sept. 15 until late October.

Union members will get a total pay increase of 25% over the course of the 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 UAW and the carmakers described the deals as “record” contracts based on those pay increases. The union also said members were regaining some of the benefits they agreed to give up after the Great Recession to help keep the automakers alive.

Workers at GM approved the contract, but they did so by a much narrower margin than Ford’s employees did, with about 55% of workers voting yes.

While UAW President Shawn Fain has called the contacts a victory for workers, he has also said they are part of a larger plan to win back more benefits over the long haul.

According to the UAW’s ratification vote tracker, Stellantis employees were on pace to approve the deal at margins similar to Ford workers. With 17,391 votes tallied as of Thursday evening ET, about 66% of ballots had been cast in favor of accepting the contract.

While the general terms of the contracts are similar, workers at Detroit’s Big Three automakers are voting to accept or reject them independently.

This post appeared first on NBC NEWS
Previous Post

Hamas terror aftermath fueled new rise in global ‘Jew hatred,’ human rights lawyer says

Next Post

Disney touts $40 billion economic impact in Florida as it battles DeSantis in court

Next Post
Disney touts $40 billion economic impact in Florida as it battles DeSantis in court

Disney touts $40 billion economic impact in Florida as it battles DeSantis in court

  • 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
7 Biggest Lithium-mining Companies in 2024

7 Biggest Lithium-mining Companies in 2024

September 18, 2024
Top 5 Canadian Cobalt Stocks of 2025

Top 5 Canadian Cobalt Stocks of 2025

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
Top 5 Canadian Cobalt Stocks of 2025

Top 5 Canadian Cobalt Stocks of 2025

August 19, 2025
Allied Critical Metals Closes Final Tranche of Over-Subscribed Non-Brokered Private Placement Upsized to $5.1 Million

Allied Critical Metals Closes Final Tranche of Over-Subscribed Non-Brokered Private Placement Upsized to $5.1 Million

August 19, 2025
Pre-Feasibility Study Launched for 10,000pta WA Facility

Pre-Feasibility Study Launched for 10,000pta WA Facility

August 19, 2025
Kobo Resources: Unlocking West Africa’s Untapped Gold Potential

Kobo Resources: Unlocking West Africa’s Untapped Gold Potential

August 19, 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

Top 5 Canadian Cobalt Stocks of 2025

Top 5 Canadian Cobalt Stocks of 2025

August 19, 2025
Allied Critical Metals Closes Final Tranche of Over-Subscribed Non-Brokered Private Placement Upsized to $5.1 Million

Allied Critical Metals Closes Final Tranche of Over-Subscribed Non-Brokered Private Placement Upsized to $5.1 Million

August 19, 2025
Pre-Feasibility Study Launched for 10,000pta WA Facility

Pre-Feasibility Study Launched for 10,000pta WA Facility

August 19, 2025
Kobo Resources: Unlocking West Africa’s Untapped Gold Potential

Kobo Resources: Unlocking West Africa’s Untapped Gold Potential

August 19, 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