UAW workers ratify new contract with Fiat Chrysler

UAW workers ratify new contract with Fiat Chrysler

SeattlePI.com

Published

DETROIT (AP) — Unionized workers at Fiat Chrysler have voted overwhelmingly to approve a new four-year contract with the company.

The ratification means the United Auto Workers union has settled with all three Detroit automakers. General Motors workers ratified an agreement in October after a 40-day strike, while Ford Workers settled in November.

About 71% of Fiat Chrysler workers voted in favor of the deal, the UAW said Wednesday. The union has about 47,000 members at Fiat Chrysler.

The deal includes a $9,000 bonus per worker upon ratification. The company also has promised $4.5 billion worth of new investments in U.S. factories.

The union reached a tentative agreement with Fiat Chrysler on Nov. 30. The new contract also offers a mix of lump sums and pay raises for longtime workers, full top wages for new hires within four years and a path for temporary employees to become full-time after three years of work.

The Fiat Chrysler contract also adds 12.5% to the union workers' profit-sharing formula, giving them $900 per 1% of profit margin generated North American. That's up from $800, and a $12,000 cap was lifted. The UAW says the deal creates more than 7,900 jobs, including another $4.5 billion investment previously announced at two factories in Detroit.

In a summary of the contract, the union said FCA agreed to extend a moratorium on outsourcing of jobs and will maintain its U.S. manufacturing presence through the life of the contract.

Also included is an agreement to build fresh models off the Jeep Cherokee SUV underpinnings and invest $55 million into the Belvidere, Illinois, assembly plant, where the Cherokee is built.

At the Toledo, Ohio, North Assembly plant, which builds the Jeep Wrangler SUV, the company will invest $160 million and hire 100 more people to...

Full Article