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UAW workers hired after 2007, for example, are granted 401(k)s instead of defined pensions. In 2021, workers at health care giant Kaiser Permanente and the cereal maker Kellogg authorized strikes ...
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%.
Such two-tier wage systems are often economically attractive to both employers and unions. Employers see immediate reductions in the cost of hiring new workers. [3] Existing union members see no wage reduction, and the number of new union members with lower wages is a substantial minority within the union and so is too small to prevent ...
The UAW is pushing automakers to eliminate the two-tier wage system under which new hires can earn far less than veterans. Long walkouts at factories producing large pickup trucks could cost the ...
Tiers for the Detroit automakers were created starting in 2007 as the UAW tried to help them out of serious financial troubles. Auto worker strike highlights disparities between temporary and ...
A second-tier wage of $14.50 an hour, which applies only to newly hired workers, is lower than the average wage in non-union auto companies in the Deep South. [47] One of the benefits negotiated by the United Auto Workers was the former jobs bank program, under which laid-off members once received 95 percent of their take-home pay and benefits.
WAYNE, Michigan (Reuters) -Striking auto workers converged on a Ford assembly plant on the outskirts of Detroit on Friday morning to show their support for the most ambitious labor action in ...
In an online speech, UAW President Shawn Fain said the new contract includes wage increases of more than 25% o United Auto Workers reaches deal with Daimler Truck, averting potential strike in ...