The UAW auto union is celebrating two historic wins as strikes continue against the last remaining holdout of the Detroit Three.
, announced Oct. 25, features $8.1 billion in plant investments by Ford, $5,000 in ratification bonuses and 25% wage increases over the terms of the contract. Workers will receive an 11% raise upon ratification, with the remainder to be split up over the next four years. The deal additionally includes cost-of-living adjustments, better profit sharing and increased retirement contributions.
. The details of the agreement, which must still be ratified by the rank-and-file, generally mirror the union's deal with Ford. On Oct. 28, the same day that the union ended its strike against Stellantis, the union expanded its strike against GM, the lone holdout among the Detroit Three. The UAW union's set of historic rolling strikes began Sept. 14, costing automakers billions of dollars over six weeks of gradual expansion. Michael Swensen/Getty Images“Once again, we have achieved what just weeks ago we were told was impossible,” union President Shawn Fain said in a. “At Stellantis in particular, we have not only secured a record contract, we have begun to turn the tide in the war on the American working class.", the strikes, at week five, cost the economy $9.
"When we return to the bargaining table in 2028, it won’t just be with the Big Three, but with the Big Five or Big Six," the union said in a"Billionaires aren’t going to save the American Dream. Working-class people are saving the American Dream," the union said."The UAW is saving the American Dream. And we are doing it together.
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