The United Automobile Workers (UAW) and Fiat Chrysler Automobiles (FCA) recently announced a new four-year national agreement, impacting nearly 47,000 workers in the United States.
The agreement includes a number of significant changes, including a pathway for temporary workers to become full-time employees, wage increases, and improved benefits for retirees.
One of the most notable changes is the inclusion of a $9,000 signing bonus for workers, the largest in UAW history. This bonus will be paid out in two installments, with half given upon ratification of the agreement and the other half paid in March 2020.
In addition to the bonus, the agreement includes wage increases for all workers over the four-year period, with the average worker set to receive nearly $12,000 in additional compensation.
Another key provision of the agreement is the pathway for temporary workers to become full-time employees after three years of employment. This change is a significant victory for the UAW, as it addresses one of the union`s primary concerns regarding job security.
The agreement also includes improved benefits for retirees, including an increase in the 401(k) match and retiree healthcare coverage.
Overall, the new UAW-FCA national agreement represents a significant step forward for workers in the automotive industry. The inclusion of a signing bonus, wage increases, and improved benefits for retirees will provide much-needed support for workers and their families.
Moreover, the establishment of a pathway for temporary workers to become full-time employees is an important victory for the UAW, as it will help ensure a more stable and secure future for workers in the automotive industry.