Worker union approves new four-year deal with Fiat Chrysler after talks
Category: #headline  By Akshay Kedari  Date: 2019-12-13
  • share
  • Twitter
  • Facebook
  • LinkedIn

Worker union approves new four-year deal with Fiat Chrysler after talks
  • Fiat Chrysler is the last automaker to close the contract with the United Auto Workers
  • In-progression workers will get similar healthcare benefits as the veteran workers

Labor negotiations with Fiat Chrysler ended after the United Auto Workers approved a new deal for four years with the company and concluded talks between the union and Detroit automakers. Fiat Chrysler happened to be the last out of the three carmakers that closed its contract with the union.

The approval was wrapped up with a round of negotiations that comprised 40 days of strike against General Motors which was the union’s longest strike in a decade, as well as the resignation of the president of the union in between a federal corruption investigation.

Reportedly, the Detroit automakers have obtained the flexibility that they had gained over the recent contract negotiations, however, they were unable to make any ground for the expanding health-care costs and the temporary workers. The union obtained $18.2 billion for the new investments in plants as well as the creation of about 25,400 jobs in the U.S. throughout the four years. 

Art Wheaton, working as a labor professor under the Worker Institute at Cornell University stated that the negotiation will prove to be extremely useful given the circumstances as it is a very reasonable contract. The union announced that 71% of the members who had voted support the deal. This was better compared to 57% of votes that support the deal at GM and 56% at Ford.

The contract for Fiat Chrysler had included the company investing $9 billion for U.S. manufacturing which consisted of $4.5 billion in the earlier announced investments. It also includes the creation or retention of 7,900 jobs in the U.S. throughout the life of the deal.

The new contract with the union for Fiat Chrysler states that the workers in progression will be receiving similar healthcare benefits as all the veteran workers. This will lace the workers more in line with the other workers working at Ford and General Motors.

 

Source Credit- https://www.cnbc.com/2019/12/11/uaw-members-approves-deal-with-fiat-chrysler-ending-2019-negotiations.html

About Author

Akshay Kedari    

Akshay Kedari

Akshay holds a Bachelor’s degree in computer engineering. Despite having a penchant for software development and the like, Akshay took to writing as a career owing to his passion for the field. Presently, Akshay writes articles for itresearchbrief.com and a few oth...

Read More>>

More News By Akshay Kedari

Guangzhou Automobile investment in Nio will be capped at $150m
Guangzhou Automobile investment in Nio will be capped at $150m
By Akshay Kedari

Nio had indicated an urgent need to secure funds and early talks with Guangzhou Auto   ...

Moderna adds two candidates in new autoimmune therapeutic area
Moderna adds two candidates in new autoimmune therapeutic area
By Akshay Kedari

Moderna, Inc., a Cambridge, Massachusetts-based biotechnology firm that is focused on drug discovery...

Guardant and NRG Oncology initiate NRG-GI005 study in colon cancer
Guardant and NRG Oncology initiate NRG-GI005 study in colon cancer
By Akshay Kedari

Survival rate for stage II colon cancer is about 58 to 88% and patients will gain from additional tr...