Following Ford, automobile manufacturer Stellantis also reached an agreement with the American union UAW. Stellantis produces cars for the Jeep brand in the US, among others. An agreement has not yet been reached with General Motors, the third largest automaker. The strike actions that have been going on there for weeks are being expanded.
After a 44-day strike, the UAW and Stellantis agreed to a 25 percent wage increase, among other things. This is less than the 40 percent the union originally demanded. Club members still need to vote on the deal. Like Ford, which reached the agreement on Thursday, Stellantis’ contract with the UAW runs through April 2028.
The 14,000 laid-off Stellantis employees were told they could return to work. Thus, the producer’s six-week strike ends.
Workers at General Motors are now adding to the pressure by laying off jobs at another assembly plant in Tennessee. “We are disappointed by GM’s unnecessary and irresponsible refusal to reach a fair resolution,” UAW President Shawn Fain said in a statement. The company said it was bargaining in good faith with the union and still wanted to reach an agreement as soon as possible.
Source: NOS
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
