UAW, Stellantis Reach Tentative Agreement to End Strike
The agreement largely matches the deal that the UAW negotiated with Ford
Today, the United Auto Workers (UAW) reached a tentative agreement with Stellantis to end the union's strike against the automaker, said a person familiar with the talks, moving the industry closer to resolving a historic work stoppage that has shuttered dozens of U.S. factories and warehouses.
If ratified by a majority of the automaker's UAW workers, the new contract will give Stellantis employees a 25 percent raise in base wages over the next four and a half years, the person said, speaking on the condition of anonymity to discuss the sensitive talks. The deal and a similar Oct. 25 agreement with Ford give the UAW its biggest gains in years after a hard-fought campaign by the union's combative new president, Shawn Fain.
As with the Ford deal, the Stellantis agreement gives workers cost-of-living adjustments to wages that will push the total wage increase to around 30 percent, the person said.
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