Arab Today, arab today us auto union fiat chrysler reach tentative deal
Last Updated : GMT 05:32:25
Arab Today, arab today
Arab Today, arab today

For a new 4-year labour contract

US auto union, Fiat Chrysler reach tentative deal

Arab Today, arab today

Arab Today, arab today US auto union, Fiat Chrysler reach tentative deal

UAW President Dennis Williams
Detroit - Arab Today

The United Auto Workers union said it had reached a tentative agreement with the US subsidiary of Fiat Chrysler Automobiles for a new four-year labor contract.

The deal will serve as a template for the UAW's contracts with two other major US automakers -- General Motors and Ford -- which are also up for renewal.

UAW President Dennis Williams said the union achieved its primary objectives: getting workers a raise, gradually eliminating a two-tier wage system in which newer hires are paid significantly less and containing health care costs.

"We believe we have met those goals. But ultimately that's up to the members to decide," Williams told reporters.

Neither the union nor FCA US would release any details of the deal.

"I'm not going to talk about the negotiations or the details of the contract until our leadership has an opportunity to review it," Williams told reporters.

The announcement came about 19 hours after the union and FCA US agreed to extend the existing four-year contract beyond its midnight Monday (0400 GMT Tuesday) deadline on an "hour-by-hour" basis in order to finalize negotiations.

The UAW offered indefinite contract extensions to GM and Ford while it focused on reaching a deal with FCA US.

The union has historically ensured that the Detroit Three automakers do not face competitive disadvantages by negotiating similar four-year contracts with each company.

The contract must still be approved by FCA's approximately 40,000 unionized members.

Ratification votes won't begin until next week at the earliest, Williams said.

The union was looking to claw back some of the major concessions made in order to help the Detroit Three survive the economic crisis.

All three carmakers are now posting massive profits and the industry is booming.

- Sharing the wealth -

Williams praised FCA for acknowledging that income inequality is an issue that has to be addressed at the bargaining table.

"If you don't share the wealth, you don't have a strong society. These guys get that," he said at a jovial press conference held in a Detroit union hall after the deal was announced.

Fiat Chrysler chief Sergio Marchionne returned the praise, and said he hopes workers understand that the "philosophical approach this house wants to have going forward" recognizes the "alignment of interest that exists between us as managers of this business and of our workforce."

"I've dealt with three different UAW presidents over the past six years and I believe you're seeing a new maturity in the union's relationships with the companies," Marchionne said as he sat next to Williams on a stage crowded with union members.

The agreement reached "makes crystal clear that labor is not the problem in this industry," he said.

The real problem is the intense capital costs involved that require enormous economies of scale in order for a carmaker to be profitable, said Marchionne, who has spoken frequently of his desire to find a suitable merger partner for FCA.

UAW negotiators have already resumed working on reaching agreements with GM and Ford.

Williams emphasized that while the FCA contract will be used as a template, the union's demands are not "identical."

"I don't want people to think for a minute that I'm not looking at the other companies and the amount of money they've made and the uniqueness of their structure because they are different in many cases," he said.

GM has 50,000 employees who are UAW members and Ford has 52,000 unionized workers.

It was unclear how long it would take for FCA to phase out the much-maligned two-tier wage system. Roughly 43 percent of FCA's unionized employees earn about $16.50 per hour, while workers with seniority earn $30 per hour wages.

The union was also looking for a raise for workers with seniority, who have not seen a wage increase since 2006 and have lost roughly four percent of their purchasing power to inflation.

The union gave up automatic cost-of-living adjustments -- which increase wages to match inflation -- during the 2009 bankruptcies of Chrysler and GM.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us auto union fiat chrysler reach tentative deal Arab Today, arab today us auto union fiat chrysler reach tentative deal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us auto union fiat chrysler reach tentative deal Arab Today, arab today us auto union fiat chrysler reach tentative deal

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday