Stock Market News

Factbox-Top issues in Detroit Three’s negotiations with UAW

FILE PHOTO: Striking UAW workers picket outside a Stellantis facility in Center Line, Michigan, U.S., September 22, 2023. REUTERS/Dieu-Nalio Chery/File Photo


(Reuters) – The United Auto Workers (UAW) secured a “major breakthrough” in labor talks with the Detroit Three automakers as General Motors (NYSE:GM) made some concessions by allowing workers at joint-venture battery plants to be covered by union contracts.

Here is a look at the top talking points, and how negotiations have progressed three weeks after the strike began, according to UAW President Shawn Fain and the companies:

Ford (NYSE:F) General Motors Stellantis (NYSE:STLA)

Wages Top offer of Offered about 21.4% hike.

23% hike. 20% increase.

Wage Cut timeline Cut timeline Cut timeline

progression to get to top to get to top to get to top

wage rate to wage rate to wage rate to

three years four years. four years.

from eight.

Temporary Wages raised Wages Wages raised

workers’ wages to $21/hour. increased to to $20/hour.


Cost-of-living- Agreed to “GM isn’t far Agreed to

adjustments reinstate behind,” Fain reinstate

cost-of-living said. cost-of-living

allowance. allowance.

Plant closures The UAW can No agreement The UAW can

strike over regarding the strike over

plant issue. plant

shutdowns. shutdowns.

Workers get



Retirement No agreement No agreement No agreement

benefits to restore to restore to restore

pre-2007 pre-2007 pre-2007

defined defined defined

benefit benefit benefit

pension plans. pension plans. pension plans.

Battery Plants No agreement. Agreed to No agreement.

allow workers



battery plants

to be covered

by union


Source: Fain’s statement, company statements


Related Articles

Back to top button