Fiat Chrysler Union Workers May Get $3,000 To Approve Contract
United Auto Workers members working for Fiat Chrysler Automobiles could get a $3,000 bonus to ratify its newest contract in the next few days, Bloomberg reported.
The bonus will be on top of raises for the workers, something that the UAW stressed in its negotiations with the automaker. Tier 1, veteran workers, could see pay raises to bump up hourly wages to $30 an hour. Lower-paid, newly hired Tier 2 workers could get pay raises up to $25 hourly after eight years of employment.
The newest contract with the UAW could eventually end the tiered-pay system. Roughly 45 percent of union workers at FCA were hired as Tier 2 workers.
The bonus paid for ratifying the contract would be lower than previous bonuses. In 2011, UAW workers at FCA were paid $3,500 to ratify their contracts.
Negotiations between the UAW, Ford and General Motors should resume after the union reached a deal with FCA.
According to Bloomberg, the UAW may reach for higher, more lucrative raises for Ford and GM workers after securing raises for FCA workers. The victory could go a long way in helping the union gain a foothold in manufacturing facilities in the U.S. South.
basically an extra check equivalent to a retroactive $1.50/hr "raise"
$3000...one shot, lump sum, is not a 1.50/hr "raise"
> Fiat Chrysler Union Workers May Get $3,000 To Approve Contract A bribe by any other name.
One man's bribe is another man's signing bonus. Seems like a fair deal to me. This way, they don't have a huge disruption by simply eliminating Two-Tier, but it puts people on a path to equity in the future.