UAW wins back Obama-era concessions from financial crisis, as strike nears end ...Middle East

The Hill - Technology

The United Auto Workers (UAW) union has won back several concessions it made to the Big Three in the wake of the 2007/2008 financial crisis, after reaching tentative agreements with all three major U.S. automakers. General Motors was the last of the Big Three to reach a deal with the union on Monday, agreeing to largely the same terms that Ford and Stellantis accepted on Wednesday and Saturday. The tentative agreements, which still must be ratified by UAW members, would provide a 25 percent general wage increase over the life of the four-and-a-half-year contract, including an immediate 11 percent raise. Notably, the agreements would also walk back key concessions the union made

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Last updated : 31 October 2023 clock 03:20 AM

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UAW wins back Obama-era concessions from financial crisis, as strike nears end ...Middle East

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