The proposed accord, which UAW’s leadership must still approve, provides a 25% wage hike over the 4-1/2-year contract, starting with an initial increase of 11%.

The Ford deal, which could help create a template for settlements of parallel UAW strikes against General Motors (GM.N) and Chrysler parent Stellantis (STLAM.MI), would amount to total pay hikes of more than 33% when compounding and cost-of-living mechanisms are factored in, the UAW said.

  • whitepawn@reddthat.com
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    1 year ago

    Sounds about right. I know of a current strike where workers are asking nearly 25%.

    This hike in living expenses needs wages to catch up since no one seems willing to roll back to normal on “supply chain” hikes during COVID.