November 2, 2015IM -
UAW Autoworkers Vote in Favor of New Labor Deal — Following 2-to-1 rejection of a September labor deal, the United Auto Workers at Fiat Chrysler voted overwhelmingly in favor of a new deal, ending the threat of the nation’s largest strike since 2011. The new deal, approved by 77% of the 44,000 members, narrows the wage gap between veteran autoworkers and the approximately 19, 800 “tier-two” workers hired since 2007. Under the current contract, tier-two workers earn $17 to $24 an hour, while veteran autoworkers earn $28-plus an hour, as well as pension and retiree health benefits. The new deal brings the newer workers up to at least $28 an hour after seven years with the company and veteran workers will get their first raise in 10 years, a 3% immediately and another 3% in two years. They’ll also get a bonuses and profit sharing payments, including a signing bonus of $4,000 (veteran workers) and $3,000 (tier-two) for ratifying the contract.