With Fiat Chrysler pact approved, UAW now eyes GM and Ford
Source: Reuters
US | Thu Oct 22, 2015 1:19pm EDT
With Fiat Chrysler pact approved, UAW now eyes GM and Ford
DETROIT | BY BERNIE WOODALL
The United Auto Workers union said on Thursday that its members ratified a four-year labor contract with Fiat Chrysler Automobiles NV (FCAU.N)(FCHA.MI) by an overwhelming majority, after rejecting a previous contract proposal last month.
The new contract will be used as a basic pattern for contracts at U.S. automakers General Motors Co (GM.N) and Ford Motor Co (F.N). The UAW is expected to soon name the company with which it negotiates next.
The new contract, effective as of next Monday, provides a clearer path to top pay for so-called "second-tier" workers in a two-tier wage system established in 2007, which pays newer workers less than those hired before 2007.
Approved by a 77 percent majority, it will affect 40,000 Fiat Chrysler UAW members in the United States. GM and Ford each have about 52,700 UAW-represented workers.
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http://www.reuters.com/article/2015/10/22/us-autos-uaw-idUSKCN0SG1YD20151022