#LaborAgreement
It's a Deal: Fiat Chrysler Workers Ratify UAW Labor Contract
The latest round of Detroit Three labor wrangling has wrapped out without a second strike. In side-stepping the same walkout that plagued General Motors earlier this year, Fiat Chrysler has made itself all the more attractive to its corporate fiancé, Groupe PSA.
Late Wednesday, FCA announced its workers had voted to approve the tentative four-year labor agreement reached between it and the United Auto Workers.
Fiat Chrysler Reaches Proposed Tentative Agreement With UAW
If you’ve followed the news lately, that headline could easily include the term “scandal-plagued” twice. Fiat Chrysler, currently pursuing a merger deal with Groupe PSA while battling a racketeering lawsuit filed by General Motors, has inked a tentative four-year labor deal with the United Auto Workers — a union facing the biggest scandal in its history.
At least in this latest round of bargaining, the UAW didn’t have its former president, Gary Jones, lurking in the background under a cloud of suspicion. Jones resigned as president, and then from the union altogether, late last month after the board moved to oust him.
Ford and UAW Make Quick Work Reaching a (Tentative) Labor Deal
You probably won’t see striking workers outside Ford Motor Company plants in the near future, all thanks to a tentative four-year labor contract reached between the automaker and the United Auto Workers late Thursday night. With General Motors leading the way in the latest round of Detroit Three bargaining, Ford worked quickly to seal a deal that likely incorporates many planks found in the now-ratified GM agreement.
While the automaker and union haven’t released details of the proposed contract, sources claim an engine plant will have to close up shop. Shuttering one parts plant won’t do much to save Ford much cash, but at least it allows the automaker to (tentatively) avoid the kind of strike that just cost its Detroit rival over $2 billion.
Recent Comments