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DETROIT (AP) — Jeep maker Stellantis has reached a tentative contract agreement with the United Auto Workers union that follows a template set earlier this week by Ford, two people with knowledge of the negotiations said Saturday. Political Cartoons View All 1223 ImagesLike the Ford contract, the Stellantis deal would run through April 30, 2028. Jermaine Antwine and other Stellantis workers picketing outside the automaker’s Sterling Heights, Michigan, were excited Saturday after hearing news of a tentative deal. The union and Stellantis went into intense negotiations on Thursday, the day after the Ford deal was announced, and finalized the agreement on Saturday. Under the Ford deal, workers with pensions also will see small increases when they retire, and those hired after 2007 with 401(k) plans will get large increases.
Persons: Stellantis, Bruce Baumhower, , Fain, Baumhower, Shawn Fain’s, , Jermaine Antwine, Antwine, Ford, Haleluya Hadero, Corey Williams Organizations: DETROIT, United Auto Workers, Ford, Workers, Jeep, UAW, General Motors, GM, Saturday, Kentucky, Plant, Detroit, Hollywood, Teamsters, AP Locations: Michigan, Ohio, Stellantis, Belvidere , Illinois, Toledo , Ohio, Sterling Heights , Michigan, Pontiac , Michigan, Sterling, Texas , Michigan, Missouri, Louisville, Jersey City , New Jersey
Shawn Fain’s Economic Reality Test
  + stars: | 2023-09-19 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Journal Editorial Report: A Census Bureau report reveals inflation's corrosive effects. Images: DPA via Zuma Press/Getty Images Composite: Mark KellyThe United Auto Workers (UAW) strike is going on day five, and President Shawn Fain has rejected the latest offer from Stellantis of a 21% pay raise over four years. He keeps citing corporate “greed” like a mantra. Yet it was telling this weekend when he refused to discuss the union’s impact on future job creation.
Persons: Mark Kelly, Shawn Fain Organizations: Zuma Press, United Auto Workers, UAW
Total: 2