United Auto Workers leadership detailed the tentative deal with Stellantis during a live stream Thursday evening.
The deal will shape the future for many at Toledo's Jeep plant and at Stellantis facilities across the country.
UAW President Shawn Fain described the tentative deal with Stellantis as being unlike anything the union has ever won and called it the union’s “most lucrative contract” in decades.
The details were posted online at the UAW's website and outlined by Fain and union vice president Rich Boyer in a live stream Thursday. The agreement includes a 25% pay raise for both hourly and salaried employees. It reinstates the pre-2009 Cost of Living Adjustments, 3-year wage progression, and lands top pay over $42 an hour while effectively ending long-term temp jobs and wage tiers.
Additionally, members will get a $5,000 bonus after the contract is approved.
“When we say we have made history, we don’t just mean your leadership and our national negotiators. We mean we, the UAW,” Fain and Boyer said in a joint message to Stellantis UAW members. “We mean the Stand Up Strikers of Local 12 in Toledo who took the first step. Our family at the MOPAR facilities brought the pain. And our union family at Sterling Heights Assembly Local 1700 landed the biggest blow.”
The deal would also give the UAW the right to strike if Stellantis closes plants or outsources jobs.
Although it includes consolidation at Mopar, there are increases in moving expenses and provisions to keep more people working.
Stellantis did not agree to offer pensions to every member but is putting more into 401Ks, adding to current pensions and offering a $500 annual bonus for retirees and their surviving spouses.
The deal also includes a lease program for all union members, which UAW leadership said is the same as what Stellantis' corporate leaders can get.
The UAW describes the gains in the tentative agreement as quadruple the value of the gains in 2019 and more in raises than the past 22 years combined.
“While we may not have won everything we wanted, we won more than most people thought was possible,” Fain and Boyer said. Both “wholeheartedly” endorsed the tentative agreement.
Union members must still approve the deal.
The full update from Fain and Boyer can be watched below or on the UAW's YouTube channel at this link.
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