The new contract runs for four years, but, apart from this, no further details have been released. The UAW leadership and the members still have to approve the final outcome. Statements suggest that FCA’s disproportionately high share of tear-two employees (c. 45% vs. 28% at GM and 20% at Ford) will be reduced over time. This indicates that the company’s costs will rise strongly in the next few years.
16 Sep 2015
FCA and UAW have reached a pay deal
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FCA and UAW have reached a pay deal
Stellantis N.V. (STLA:WBO) | 0 0 0.3% | Mkt Cap: 34,343m
- Published:
16 Sep 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
The new contract runs for four years, but, apart from this, no further details have been released. The UAW leadership and the members still have to approve the final outcome. Statements suggest that FCA’s disproportionately high share of tear-two employees (c. 45% vs. 28% at GM and 20% at Ford) will be reduced over time. This indicates that the company’s costs will rise strongly in the next few years.