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Stellantis offers raises, inflation protection measures to UAW as strikes continue - TL;DR CNBC

Stellantis offers raises, inflation protection measures to UAW as strikes continue

Publishing timestamp: 2023-09-16 15:22:28


Summary

Stellantis has increased its offer to UAW members, including a pay raise of nearly 21% with an immediate 10% increase. This comes after thousands of workers went on strike at three auto plants. Ford and GM have also resumed negotiations with the UAW. Stellantis' proposal includes raises, the end of wage tiers for some workers, and profit sharing. The UAW has been seeking various demands, including pay increases and a reduced workweek. Talks are set to continue.


Sentiment: NEUTRAL

Tickers: FGMSTLASTLAM-IT

Keywords: autosbreaking news: businessbusinesslabor economystellantis nvbusiness newspersonneltransportationgeneral motors coford motor comark stewartsocial issuesjoe biden

Source: https://www.cnbc.com/2023/09/16/stellantis-offers-raises-inflation-protection-to-uaw-as-strikes-continue.html


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