This time round, 77% of workers at Fiat Chrysler Automobiles (FCA) voted to approve an agreement negotiated on their behalf between their union, the United Auto Workers (UAW) and FCA management. Dennis Williams, president of UAW must indeed be relieved given that just three weeks prior, 65% of its members had soundly rejected the first agreement it had recommended.
UAW heads went back to the negotiating table and emerged with a new eight-year agreement containing more generous terms for post-2007 hires (c.f. article No. 9299). This new agreement progressively eliminates the current two-tier salary system. New hires will earn between $16 and $19 an hour. Furthermore within eight years they will be able to earn up to $29 an hour, almost the same as those hired pre-2007 (i.e. before the economic crisis broke out). The first agreement had only targeted up...
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