UAW, FCA reach proposed tentative agreement; company to add $4.5 billion in US invest

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Thread: UAW, FCA reach proposed tentative agreement; company to add $4.5 billion in US invest

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    UAW, FCA reach proposed tentative agreement; company to add $4.5 billion in US invest

    UAW, FCA reach proposed tentative agreement; company to add $4.5 billion in US investment

    The UAW and Fiat Chrysler Automobiles have reached a proposed tentative agreement that adds nearly 8,000 jobs over the life of the deal. The agreement potentially starts the last lap of months of union and automaker contract wrangling.

    The announcement of an agreement came Saturday morning following meetings at FCA's Conner Center in Detroit, formerly the production plant for the Dodge Viper.

    The proposal now goes to the UAW FCA National Council, where local union leaders are scheduled to meet Wednesday to decide whether to recommend it to the membership. If they do, the proposal would then face a ratification vote by the approximately 47,200 FCA workers represented by the UAW.

    Details of the deal were not released, other than the union saying, "In addition to the $4.5 billion in major investments previously announced, negotiators secured an additional $4.5 billion for a total of $9 billion of investments adding 7,900 jobs during the contract period.” Sources said Friday that workers were in line for $9,000 ratification bonuses.
    https://eu.freep.com/story/money/car...al/4302470002/

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    Re: UAW, FCA reach proposed tentative agreement; company to add $4.5 billion in US in

    So the workers cough cough get a $9000 "bonus" for WHAT? What sort of pure BS is this? Oh, I forgot, protection money to the mob.

    The UAW will bankrupt all the US makers if the Big Two Plus One Plus One don't figure out a way to go south and hire competitive unskilled labor. Even at the going rate for the furriner companies like Honda and BMW, it's a bargain vs. the $700/vehicle penalty the US makers currently pay. That deficit will only get worse.

    The UAW is strangling itself, but they're too greedy to have Clue #1. Don't worry be happy.
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    Re: UAW, FCA reach proposed tentative agreement; company to add $4.5 billion in US in

    Sad that an auto company has to pay out 42.5 millon dollars in bonuses when the fit and finish of FCA automobiles is easily the worst of the Detroit 3. UAW has been saying for far to long that it will fight for the American worker, when all it does it suck money in the short term and sell out the workers in the long run.
    "The car's brilliant and ... a great surprise, pleasant surprise for all Corvette lovers everywhere ... a huge shock to our competitors ... because I don't think anybody was expecting something that good. What pleases me the most about it was that ... I can say this is the first car that's come out, that was done since I left.

    -- Bob Lutz, former vice chairman and head of global product development at GM

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