© Reuters. FILE PHOTO: Striking UAW workers picket outside a Stellantis facility in Center Line, Michigan, U.S., September 22, 2023. REUTERS/Dieu-Nalio Chery/File Photo
(Reuters) – The United Auto Workers (UAW) secured a “major breakthrough” in labor talks with the Detroit Three, as General Motors (NYSE:) made some concessions by allowing workers at joint-venture battery plants to be covered by union contracts.
Here is a look at the top talking points, and how negotiations have progressed three weeks after the strikes first began, according to UAW President Shawn Fain and the companies:
Ford (NYSE:) General Motors Stellantis (NYSE:)
Wages Gave a top Offered about Offered a
offer of a 23% a 20% wage 21.4% wage
wage hike. hike. hike.
Wage Cut timeline Cut timeline Cut timeline
progression to get to top to get to top to get to top
wage rate to wage rate to wage rate to
three years four years. four years.
from eight.
Temporary Wages raised Wages raised Wages raised
workers’ wages to $21 an to $20 an to $20 an
hour. hour. hour.
Cost-of-living- Agreed to “GM isn’t far Agreed to
adjustments reinstate behind,” Fain reinstate
cost-of-living said. cost-of-living
allowance. allowance.
Others Rejected Agreed to Agreed to the
Ford’s allow workers right to honor
concessionary at picket lines.
profit sharing joint-venture
formula. battery plants
to be covered
by union
contracts.
Source: Fain’s statement, company statements
Read the full article here