UAW Mack Trucks deal could be a test for worker demands amid Detroit automaker negotiations
Publishing timestamp: 2023-10-07 07:00:01
Summary
UAW members with Volvo Group-owned Mack Trucks are set to vote on a tentative agreement that falls short of their expectations. The agreement includes a 19% wage increase over a five-year deal, ratification bonuses, increased 401(k) company payments, and other benefits. However, it does not meet the demands for equal pay, inflation protection, shorter work weeks, and other bonuses and benefits set by UAW President Shawn Fain. Some workers plan to vote against the deal, expressing disappointment and feeling that it does not match what their union brethren at Detroit automakers are receiving. Mack Trucks is not in the same financial position as the Big Three automakers, and inflated expectations from union members may be a factor in the dissatisfaction.
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Tickers: VOLAF, STLA, VOLV.B-SE, F, STLAM-IT, GM,
Keywords: detroit, breaking news: business, autos, volvo ab, general motors co, stellantis nv, ford motor co, transportation, business, personnel, labor economy, business news,
Source: https://www.cnbc.com/2023/10/07/uaw-mack-trucks-workers-to-vote-on-deal.html