"UAW and Stellantis Secure Pay Rise in Tentative Deal, Ending Strikes and Opening New Battery Plant"

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Source: BBC.com
"UAW and Stellantis Secure Pay Rise in Tentative Deal, Ending Strikes and Opening New Battery Plant"
Photo: BBC.com
TL;DR Summary

Stellantis, the parent company of Chrysler, has reached a tentative pay deal with the United Auto Workers (UAW) union, ending a six-week strike. The agreement, which still needs approval, includes a 25% wage increase for most workers over the next four-and-a-half years, with the lowest-paid workers seeing wages rise by over 165%. Stellantis will reopen an assembly plant in Illinois and build a new battery plant, creating over 1,000 jobs. However, the UAW has yet to reach a deal with General Motors (GM) and has extended its strike to GM's plant in Tennessee.

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