Stellantis, UAW Reach Tentative Deal to End Six-Week Strike (2)

Stellantis NV reached a tentative agreement with the United Auto Workers to end a six-week-old strike, following the lead of Ford Motor Co., the union said.

The deal reached Saturday includes a 25% hourly pay raise plus cost-of-living allowances over the more-than-four-year contract, matching Ford’s agreement earlier this week, the union said in a statement. By April 2028, this will bring the top wage to over $42 an hour, the union said.

WATCH: GM reaches a tentative deal to end the UAW strike.

Source: Bloomberg

Stellantis also agreed to concessions on job security including keeping plants open in Trenton, Michigan, and Toledo, Ohio, and building a vehicle in the company’s idled ...