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Posts tagged as “Squawk Box”

UAW Members Ratify New Contracts with Ford, GM, and Stellantis, Providing 11% Immediate Pay Increase and 25% Total Pay Increase Over 4½-Year Deal

After a six-week strike, United Auto Workers (UAW) members have ratified new contracts with Ford, General Motors, and Jeep parent company Stellantis. The contracts provide an 11% immediate pay increase and a 25% total pay increase over the 4½-year deal, as well as cost-of-living adjustments, the ability to reach top wages in three years, and the protection of the right to strike. This is a major victory for the UAW and its members, who have shown their commitment to protecting their rights and improving their working conditions.