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There were also improvements in retirement benefits and job security provisions. UAW President Shawn Fain had told members that the tentative agreements with all three unionized automakers ...
Improving retirement benefits for current retirees, workers with pensions, and those with 401K plans. UAW President Shawn Fain and UAW Vice President Chuck Browning posted a letter on the union ...
UAW has asked for an immediate 20 percent raise and yearly gradual increases totaling an hourly pay increase of 46 percent, the restoration of traditional pension payment plans and retiree health care, a four-day workweek, job protections, and a beneficial transition to electric vehicles. [28]
Sources have told Reuters that one key sticking points with GM was retiree pension costs. GM has many more retirees eligible for that increase than either Ford or Stellantis, because its workforce ...
The UAW asserts that most of this labor cost disparity comes from legacy pension and healthcare benefits to retired members, of which the Japanese automakers have none. The Big Three already sold each of their cars for about $2,500 less than equivalent cars from Japanese companies, analysts at the International Motor Vehicle Program said. [45]
The UAW reached similar deals with the other members of the Big Three automakers, Ford Motor Company and Chrysler. The UAW agreed to a long-term contract, which protected automakers from annual strikes , and it gave up the right to bargain over some issues in exchange for extensive health, unemployment, and pension benefits ; expanded vacation ...
A little-known voluntary annuity option was part of the 2023 UAW contracts reached at GM, Ford and Stellantis. Here's what it means for workers. UAW members at Detroit Three didn't see return to ...
Ford workers passed a labor contract late Friday called "historic" by negotiators on both sides of the wage fight. Ford workers ratify historic 2023 UAW contract with 69.3% support for wage hikes ...
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