UAW and Stellantis Reach Tentative Agreement

[Teqsand]

Sorry you see it that way. Perhaps you can convince someone to sue them. Extortion is a serious claim to make. But before you consider something like that, I'd suggest this again:

The fact that nobody, not even the Big 3 with all their legal teams, considers this extortion should tell you something. You don't think they'd go after UAW if this was actually extortion?

I'd like to get off this topic and back on the successful tentative resolution that they negotiated.

Just reading the text book definition of extortion

They "negotiated" for now, it will happen again and again and they create thier own need for more, but that discussion isn't allowed

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[Aj58]

Curious how much more per hour Stellantis, GM, And Ford will be paying than Honda, Toyota, and the other competition.

 

[OldSarge]

?

 

[Gren71]

Can’t wait for this cost to be passed on to the purchasers. JTs are already $60k ?‍

 

[Tim. Y.]

 

[salvino]

UAW, Stellantis reach tentative deal to end strike, Illinois plant may reopen, sources say
Joseph White October 28, 20231:03 PM EDTUpdated 34 min ago

File photo: A general view of Stellantis' Belvidere Assembly Plant, in Belvidere, Illinois, U.S., June 27,

Oct 28 (Reuters) - United Auto Workers reached a tentative agreement with Stellantis (STLAM.MI) on Saturday, a deal that is pending approval from the union's top leaders and includes reopening the automaker's Illinois plant, two people familiar with the matter said.

The proposed accord is likely to follow a template set just days ago by the UAW and Ford (F.N), including a 25% wage hike over the 4-1/2-year contract, starting with an initial increase of 11%.

No public deal announcement is expected until later Saturday afternoon or early evening, the sources said. Strikes have entered week seven.

Stellantis shuttered its assembly plant in Belvidere, Illinois, early this year, leaving 1,300 workers without jobs.

UAW President Shawn Fain vowed to reverse the decision, and the union criticized Stellantis management over the issue in a lengthy video. The Biden administration and the state of Illinois have offered subsidies that could help re-tool the factory. Illinois acquired 170 acres of land adjacent to the assembly plant.

UAW is expected to unveil details of the tentative deal later on Saturday, which will have provisions on the use of temporary workers, the sources said, adding Stellantis has agreed to significant product commitment and investment.

Fain and other senior union leaders are expected to have a video conference with local UAW officials who will explain the contract terms to workers, the sources said.

The deal to reopen the Belvidere plant is contingent on expected state and local tax incentives, they said.

The deal is expected to include investments in other U.S. plants, including the Trenton engine plant, sources said. The plant, south of Detroit, is a 71-year old facility that builds six cylinder engines.

Talks with General Motors (GM.N) were ongoing. Negotiators for company and the union were expected to re-convene around noon after working into the early hours of Saturday morning, the sources said.

Some 45,000 workers out of nearly 150,000 union members at the Detroit Three eventually joined the strike, which has cost billions of dollars to the industry.

Talks with GM and Stellantis have been protracted because of issues such as pension and how fast temporary workers would get permanent work, sources have said.

Fain repeatedly accused the Detroit Three automakers of enriching executives and investors, while neglecting workers and said the UAW's success would help blue collar workers throughout the country.

The Detroit automakers argued that the UAW's demands would significantly raise costs and put them at a disadvantage compared with EV leader Tesla (TSLA.O) and foreign brands such as Toyota Motor (7203.T), which are nonunionized.

Ford expects the new contract will add $850 to $900 in labor cost per vehicle. Tesla already had a labor cost advantage of roughly $20 per hour before the UAW and the Detroit Three automakers began their bargaining, analysts have said.

The UAW has said the Ford deal would amount to total pay hikes of more than 33% when compounding and cost-of-living are factored in.

The strike which began at relatively unimportant plants spread to the biggest money-makers, producing pickup trucks and SUVs, ratcheting up the pain.

The UAW eventually struck against eight plants, most recently GM's Arlington, Texas, assembly plant, which makes the Chevy Tahoe and Suburban, Ford's Kentucky Truck heavy-duty pickup factory and Stellantis' Ram pickup plant in Sterling Heights, Michigan.

The UAW's initial demands had included 40% pay increases, cost-of-living adjustments pegged to inflation, job or pay guarantees, an end to lower wages for lower seniority workers and defined benefit pensions.

I grew up in steel country, Pittsburgh area. The unions got better and better contracts over time. My dad got 13 weeks vacation. And then all the jobs were gone.

 

[ErylFlynn]

Been expecting this to happen after Ford got an agreement with UAW. Pretty much expected a copy paste for the most part.

 

[kubankevin]

They’re going to return to work before the deal even goes to vote just like the Ford workers did because nobody can survive on $500 a week pre tax.

https://www.wtol.com/amp/article/li...ntis/512-1138c992-b05a-40cb-ad45-7a99b7137e99

 

[Phishs]

https://www.wtol.com/amp/article/li...ntis/512-1138c992-b05a-40cb-ad45-7a99b7137e99

"Initial reaction from strikers on the picket line at the Toledo Assembly Complex on Saturday, before details of the plan were known, was mixed, although more strikers than not said they would be voting no."

"Chris Dennis, who is a team leader at the plant, said he will be voting no. He thinks the agreement is good but could be better and isn’t surprised so many strikers on the picket line on Saturday said they would also be voting no. “They’re asking a lot from us but they’re not giving us what we deserve,” Dennis said. “I think we’re going to be out here a while. I really do.”

???

 

[Aj58]

UAW had a tentative agreement with Mac a 3 weeks back and Members voted it down. Still no agreement.

I wouldn’t be surprised if they voted it down.

it will still be another couple weeks before all of the ford local unions vote. I think that will be telling.

 

[Ouchie]

So will we have workers in the plant for a few weeks before they vote? Maybe enough time to churn out a few sold orders

 

[kubankevin]

"Initial reaction from strikers on the picket line at the Toledo Assembly Complex on Saturday, before details of the plan were known, was mixed, although more strikers than not said they would be voting no."

"Chris Dennis, who is a team leader at the plant, said he will be voting no. He thinks the agreement is good but could be better and isn’t surprised so many strikers on the picket line on Saturday said they would also be voting no. “They’re asking a lot from us but they’re not giving us what we deserve,” Dennis said. “I think we’re going to be out here a while. I really do.”

???

The same people were also complaining that they’re falling behind on rent and bills. “You can’t have your cake and eat it too” applies here, I believe. Let’s see what happens.

 

[NightFog]

They’re going to return to work before the deal even goes to vote just like the Ford workers did because nobody can survive on $500 a week pre tax.

Tell that to the millions on Social Security where the average monthly benefit is around $1800 per month.

 

[NightFog]

Well, I don’t see me getting a freaking 25% raise to afford one of these trucks!!

The 25% is over 4.5 years.

 

[kubankevin]

Tell that to the millions on Social Security where the average monthly benefit is around $1800 per month.

That’s why planning and being as well-prepared as possible for retirement is important. I’ve been doing it since I started working when I was 16.

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