Stellantis' Wage Hike Offer and Concessions: UAW Updates

Stellantis, the parent company of Jeep, has offered a 19.5% wage increase to the United Auto Workers (UAW) in its latest proposal, along with plans to consolidate aftersales parts plants, convert salaried workers to hourly, and increase the number of supplemental workers. However, the UAW criticized the offer as "concessionary" and lacking commitments on future products and investments. The strike by UAW members began after contracts expired, with workers demanding job security and fair wages. Stellantis posted a record net profit in the first half of 2023 but has yet to launch an electric vehicle in the US.