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Rouse remembers the $9,000 ratification bonus given as part of the 2019 UAW contract with the Detroit Three — and this contract's $5,000 bonus falls far short for him. In 2019, though, the bonus ...
UAW President Shawn Fain speaks via livestream on Saturday, Nov. 4, 2023. ... will receive a $5,000 ratification bonus. ... GM has agreed to make five payments of $500 to current retirees and ...
On October 25, a tentative agreement was reached between the UAW and Ford; it includes an 11% wage increase in the first year, and total 25% increase in wages over the 4.5 year contract, a $5,000 ratification bonus and a cost-of-living adjustment. When including cost-of-living adjustments, total pay could be raised by 30%.
In those tentative agreements, the UAW said all union-represented salaried employees will get the same 25% wage increase across the 4.5-year contract and the same $5,000 ratification bonus that ...
The UAW expanded its scope to include workers in other major industries such as the aerospace and agricultural-implement industries. The UAW disaffiliated from the AFL–CIO on July 1, 1968, after Reuther and AFL–CIO President George Meany could not come to agreement on a wide range of policy issues or reforms to AFL–CIO governance. [33]
The UAW Retiree Medical Benefits Trust, with more than $45 billion in assets as of June 2010, and $58.8 billion as of March 2014, is the world's largest VEBA. [7]
More: Ford workers ratify historic 2023 UAW contract with 69.3% support for wage hikes, benefits Contact Phoebe Wall Howard : 313-618-1034 or phoward@freepress.com. Follow her on X at @phoebesaid
The companies did not agree to bring back traditional defined-benefit pension plans or retiree health care for workers hired since 2007. But they agreed to increase 401(k) contributions to about 9.5%.