UAW President Gary Jones (left) and FCA North America Chief Operating Officer Mark Stewart opened 2019 contract talks with a ceremonial hand shake during an event on July 16, 2019 at the company’s North American headquarters in Auburn Hills, Mich.
DETROIT – Fiat Chrysler and the United Auto Workers union have reached a tentative deal on a new labor contract amid tumultuous times for both sides.
The UAW Bargaining Committee agreed to a deal with Fiat Chrysler to add $4.5 billion in investments, translating to 7,900 jobs over the course of a four-year deal, according to a UAW statement. The $4.5 billion comes on top of an earlier pledge of $4.5 billion for a total of $9 billion marked for new investment, UAW Vice President Cindy Estrada said in the statement.
Fiat Chrysler confirmed in a statement that it had reached a tentative deal with UAW.
Last week the UAW turned its attention to Fiat Chrysler – the last of the Detroit automakers it needs to seal a new contract…