John Kirk, right, a 20-year employee, pickets with co-workers outside the General Motors Fabrication Division, Friday, Oct. 4, 2019, in Parma, Ohio. DETROIT -- Just after workers ratified a new contract with General Motors last week, the president of the United Auto Workers union put out a statement that Ford would be next for "pattern bargaining."
GM gave out pay raises and a huge signing bonus, and it didn't change the union's top-notch health care that costs members little. In return it won millions in savings because it was able to close three factories that made slow-selling cars and parts. Ford and Fiat Chrysler also are likely to seek smaller signing bonuses than the $11,000 per worker that GM agreed to, which is expected to cost the company more than a half-billion dollars. It's unlikely either Ford or Fiat Chrysler will be able to change 4% lump-sum payments to older workers in the first and third years of the four-year deal, and 3% pay raises in years two and four.
GM also agreed not to change its 49,000 union workers' health insurance, so they'll still pay about 3% of the overall cost. Workers at most big U.S. companies pay closer to 30%.
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