UAW says GM outlines EV investment plans, will raise wages for US workers
November 04, 2023 at 12:15 pm EDT
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DETROIT, Nov 4 (Reuters) - The United Auto Workers union
said its tentative contract deal with General Motors
includes plans for investments around electric vehicles and will
raise wages for thousands of U.S. hourly workers at units with
lower wage tiers than at vehicle assembly operations.
The UAW released more details of its tentative 4-1/2 year
deal with GM
The main economic provisions of the agreement follow the
pattern set at Ford and Chrysler parent Stellantis
, providing 25% base wage increases for full-time
workers, which could total as much as 33% including newly
negotiated cost-of-living allowances.
Temporary workers will have a faster path to full-time
status and could see wages rise by about 50% immediately.
Temporary workers who convert to full-time status could more
than double their hourly pay over the life of the agreement, the
UAW said.
The GM agreement will move more than 7,000 UAW workers in GM
component plants, service parts warehouses and what GM calls
"subsystems" operations up to the higher wage levels paid to
assembly plant workers.
The new contract would largely unwind a strategy the
automaker has used for years to hold down labor costs, UAW
officials have said.
"We won this round," UAW President Shawn Fain said in a
video address on Saturday.
Now that preliminary approvals for all three contracts are
done, UAW leaders will spend the next two weeks working to win
"yes" votes from rank-and-file union members at the Detroit
Three.
(Reporting by Joe White and Ben Klayman in Detroit and Rishabh
Jaiswal in Bengaluru
Editing by Matthew Lewis)
Stellantis N.V. is one of the world's leading car manufacturers. The activity is essentially organized around 4 sectors:
- sales of passenger cars and light commercial vehicles: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys brands;
- sale of luxury vehicles: Maserati and DS Automobiles brands;
- sale of automotive equipment: interior systems, car seats, car exteriors, emission control systems, etc.;
- other: sales financing services (purchase, rental, leasing, etc.), after-sales services, etc.; - other: sales financing services (purchase, rental, leasing, etc.).
Net sales are distributed geographically as follows: the Netherlands (0.8%), North America (46.7%), France (9.5%), Brazil (7.3%), Italy (6.2%), Germany (5.5%), the United Kingdom (4.4%), China (0.6%) and other (19%).