• AutoTL;DRB
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    11 year ago

    This is the best summary I could come up with:


    WASHINGTON, Nov 17 (Reuters) - United Auto Workers (UAW) members at Ford Motor (F.N) and Chrysler parent Stellantis NV (STLAM.MI) have voted to ratify a tentative record-setting labor deal, the union’s vote tracker showed on Friday.

    It had a more than a 12,600-vote margin at Ford and a 9,600-vote lead at Stellantis with just a few small locals’ results yet to vote or be reported.

    Workers on Thursday at General Motors (GM.N) voted to approve the deal, with about 55% of nearly 36,000 members in favor.

    Ultimately, the union was able to clinch record pay hikes for auto workers after years of stagnant wages and painful concessions following the 2008 financial crisis.

    The UAW now plans to turn its focus to organizing non-union auto factories operated by foreign automakers and Tesla (TSLA.O).

    When President Joe Biden, a Democrat, visited Illinois last week, he backed the UAW’s efforts to unionize Tesla and Toyota (7203.T), adding that all U.S. auto workers deserve a deal similar to the UAW’s recent agreements with the Detroit Three.


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