UAW members ratify new contract with Chrysler owner Stellantis
Publishing timestamp: 2023-11-17 11:31:05
Summary
The United Auto Workers (UAW) members at Stellantis have ratified a new labor contract, following weeks of negotiations and strikes. The majority of Stellantis' plants approved the deal, which includes at least a 25% wage increase and the reopening of an idled plant. Similar agreements have been reached with General Motors and Ford. The contracts represent significant economic gains for the UAW and provide job security for union members. However, the contracts also represent increased labor costs for the automakers.
Sentiment: NEUTRAL
Tickers: STLA, F, STLAM-IT, GM,
Keywords: business, labor economy, autos, transportation, personnel, business news, ford motor co, detroit, breaking news: business, stellantis nv, general motors co,
Source: https://www.cnbc.com/2023/11/17/uaw-stellantis-workers-ratify-new-contract.html