The China Mail - Workers at Detroit's 'Big 3' ratify labor contract: union

USD -
AED 3.672499
AFN 64.999981
ALL 80.973319
AMD 360.400812
ANG 1.789785
AOA 917.00006
ARS 1544.493132
AUD 1.432911
AWG 1.8
AZN 1.69565
BAM 1.742632
BBD 2.013837
BDT 124.53501
BGN 1.747831
BHD 0.377434
BIF 2988.029527
BMD 1
BND 1.276378
BOB 12.072829
BRL 5.468303
BSD 0.99988
BTN 94.413878
BWP 13.698105
BYN 2.983174
BYR 19600
BZD 2.010897
CAD 1.398925
CDF 2314.999902
CHF 0.815605
CLF 0.024634
CLP 969.530047
CNY 6.669797
CNH 6.66604
COP 3234.76
CRC 453.42968
CUC 1
CUP 23.9964
CVE 98.242128
CZK 21.68655
DJF 178.048444
DKK 6.66508
DOP 60.044461
DZD 135.888325
EGP 53.903902
ERN 15
ETB 164.103855
EUR 0.89171
FJD 2.244702
FKP 0.743037
GBP 0.742775
GEL 2.604999
GGP 0.743037
GHS 11.662561
GIP 0.743037
GMD 74.505074
GNF 8856.535705
GTQ 7.641212
GYD 209.491818
HKD 7.84435
HNL 26.873438
HRK 6.76901
HTG 131.039306
HUF 324.404499
IDR 18095.6
ILS 3.18926
IMP 0.743037
INR 94.47835
IQD 1515.768465
IRR 1883408.498647
ISK 121.979404
JEP 0.743037
JMD 158.589013
JOD 0.709038
JPY 158.0695
KES 129.900097
KGS 87.449296
KHR 4068.086547
KMF 441.000203
KPW 899.999961
KRW 1349.950303
KWD 0.310398
KYD 0.833278
KZT 449.579663
LAK 22503.085086
LBP 89535.66385
LKR 332.405209
LRD 169.973716
LSL 16.385571
LTL 2.95274
LVL 0.60489
LYD 6.400941
MAD 9.743884
MDL 17.877334
MGA 4533.405801
MKD 54.858075
MMK 2099.845134
MNT 3601.453525
MOP 8.079209
MRU 40.394356
MUR 46.750091
MVR 15.45503
MWK 1733.772887
MXN 18.617465
MYR 4.047196
MZN 63.910041
NAD 16.385571
NGN 1346.202177
NIO 36.798282
NOK 9.286915
NPR 151.060503
NZD 1.77915
OMR 0.384508
PAB 0.99988
PEN 3.443981
PGK 4.554749
PHP 62.978499
PKR 276.535615
PLN 3.918105
PYG 6160.371012
QAR 3.654913
RON 4.7598
RSD 104.865963
RUB 81.600692
RWF 1472.802602
SAR 3.756339
SBD 8.051718
SCR 13.798605
SDG 601.501901
SEK 9.79823
SGD 1.277615
SHP 0.745545
SLE 22.910048
SLL 20969.504398
SOS 571.392932
SRD 37.557021
STD 20697.981008
STN 21.829489
SVC 8.748374
SYP 13001.999685
SZL 16.379099
THB 33.44401
TJS 9.223717
TMT 3.51
TND 2.979413
TOP 2.40776
TRY 50.047702
TTD 6.771597
TWD 33.004957
TZS 2642.682972
UAH 45.418655
UGX 4044.247039
UYU 40.27318
UZS 11931.375213
VES 893.769016
VND 25682.5
VUV 119.655093
WST 2.783161
XAF 584.923388
XAG 0.019087
XAU 0.000243110551
XCD 2.70255
XCG 1.80199
XDR 0.707052
XOF 584.923388
XPF 106.260608
YER 236.174976
ZAR 16.454798
ZMK 9001.199877
ZMW 20.27148
ZWL 321.999592
SSP 5745.516508
MXV 2.095074
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Workers at Detroit's 'Big 3' ratify labor contract: union
Workers at Detroit's 'Big 3' ratify labor contract: union / Photo: © GETTY IMAGES NORTH AMERICA/AFP/File

Workers at Detroit's 'Big 3' ratify labor contract: union

Workers from Ford, General Motors and Stellantis ratified new contracts with hefty wage hikes, their union announced Monday, closing the books on an historic autoworkers strike at the three Detroit giants.

Text size:

Members of the United Auto Workers voted 64 percent across the three companies in support of the contracts, said a UAW press release marking the official conclusion of the first-ever simultaneous stoppage at the three companies.

"The members have spoken. After years of cutbacks, months of our Stand Up campaign, and weeks on the picket line, we have turned the tide for the American autoworker," said UAW President Shawn Fain.

"The Stand Up Strike was just the beginning," Fain added. "Now, we take our strike muscle and our fighting spirit to the rest of the industries we represent, and to millions of non-union workers ready to Stand Up and fight for a better way of life."

The deal includes a 25 percent wage increase for hourly employees, which the UAW said would result in a pay boost of at least 33 percent following cost-of-living and other adjustments.

Other key provisions include an acceleration of pay progression levels; the reopening of a key Stellantis assembly plant in Illinois; boosts in retiree benefits; and commitments from automakers for a "just" transition to electric vehicles.

The roughly six-week stoppage drew the attention of President Joe Biden, who strongly endorsed worker demands and made history as the first US president to stand on a picket line.

UAW negotiators reached tentative agreements in late October with Ford, Stellantis and GM, setting the stage for worker votes on the pacts. Employees went back on the job after the tentative agreements were announced.

The strike began with three factories employing nearly 13,000 people in mid-September, before the walkouts spread to more sites and eventually saw 45,000 of the UAW's 146,000 "Big Three" members downing tools.

As automakers raised their offers, executives expressed increasing concern that the wage hikes could derail the industry's costly build-out of new EV infrastructure.

Ford hailed the agreement Monday but also reiterated that it will need to identify new cost cuts to offset the increased expense of the labor contracts.

"We are pleased the agreement has been ratified and we are very happy for our more than 57,000 UAW-represented employees and their families," said Ford Chief Executive Jim Farley.

Farley said the company is on track to reach full production schedules at strike-hit plants in the coming days.

"It's also imperative that we continue to attack cost and waste throughout our operations," Farley said. "The reality is that this labor agreement added significant cost, and we are going to have to work very hard on productivity and efficiency to become more competitive."

General Motors also applauded the ratification. "We can now move forward as one team doing what we do best -- delivering great products for our customers and winning together," said CEO Mary Barra.

W.Cheng--ThChM