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UAW Reaches Tentative Agreement with Stellantis, Edging Closer to Ending 6-Week Strike

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Key takeaways:

  • UAW union has reached a tentative contract agreement with Stellantis, ending a 6-week strike
  • The deal includes a $9,000 ratification bonus, a 3% wage increase in the first and third years of the contract, and a 4% lump-sum bonus in the second and fourth years
  • The agreement also includes a commitment to invest $4.5 billion in U.S. plants and create or retain 9,000 jobs

The United Auto Workers (UAW) union has reached a tentative contract agreement with Stellantis, the union announced Saturday, edging closer to ending a 6-week strike that has dented Detroit’s Big 3 automakers and idled thousands of their employees.

The agreement with Stellantis, which owns Chrysler, Dodge, Jeep and Ram, as well as several foreign auto-brands, comes three days after the UAW came to terms with Ford, leaving only General Motors without a contract with the union.

UAW President Shawn Fain said in a video posted to social media, “On day 44 of our stand-up strike, I am honored to announce that our union is again victorious.”

The agreement with Stellantis, which must still be ratified by UAW members, follows a template set earlier this week by Ford. The deal includes a $9,000 ratification bonus, a 3% wage increase in the first and third years of the contract, and a 4% lump-sum bonus in the second and fourth years.

The agreement also includes a commitment to invest $4.5 billion in U.S. plants and create or retain 9,000 jobs. UAW President Shawn Fain said the strike “is working” but “we’re not there yet.”

General Motors and Jeep maker Stellantis will meet with United Auto Workers bargainers Thursday to see if they can reach a tentative contract agreement that mirrors the deal reached with crosstown rival Ford on Wednesday. The UAW has said it will not end the strike until all three automakers have reached a deal.

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