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## Stellantis Strikes a Pay Deal with UAW to End Six-Week Strike

By Nick Edser
Business Reporter

Published 4 hours ago

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Stellantis, the maker of Chrysler, has reached a tentative pay agreement with the United Auto Workers (UAW) union, effectively ending a six-week strike. This deal follows the strikes initiated by UAW against GM, Ford, and Stellantis in September, marking the first time in the union’s history that all three companies were simultaneously targeted.

The UAW has yet to come to an agreement with GM and has decided to escalate its action against the company. However, the UAW and Stellantis have managed to finalize a deal that will result in a 25% wage increase over the span of four and a half years for most workers. Furthermore, the lowest-paid workers at Stellantis will experience a wage rise of more than 165% throughout the agreement’s duration.

While the deal is being ratified, Stellantis workers will go back to work. UAW President Shawn Fain expressed his satisfaction, stating, “Once again, we have achieved what just weeks ago we were told was impossible.” Additionally, as part of the agreement, Stellantis intends to reopen a previously closed assembly plant in Belvidere, Illinois. Moreover, the carmaker has agreed to construct a new battery plant adjacent to the existing Belvidere factory.

The reopening of the Belvidere assembly plant is significant, as it will reinstate 1,200 jobs that were lost when the facility was idled eight months ago. UAW Vice President Rich Boyer highlighted the impact of the strike, saying, “From the strength of our strike, we are bringing back those jobs and more. Stellantis is reopening the plant and the company will also be adding over 1,000 jobs at a new battery plant in Belvidere.”

In response to the agreement, Stellantis North America Chief Operating Officer Mark Stewart expressed his gratitude to the negotiating teams involved, recognizing their tireless efforts. He further added, “We look forward to welcoming our 43,000 employees back to work and resuming operations.”

The agreement was also praised by US President Joe Biden, who commended the UAW and Stellantis for their perseverance in reaching a historic deal that guarantees workers fair pay, benefits, dignity, and respect.

While tentative agreements have been reached with Ford and Stellantis, the UAW is still in talks with General Motors. In fact, the union has decided to extend its strike against GM to the company’s Spring Hill, Tennessee plant. The UAW’s Mr. Fain expressed disappointment with GM’s refusal to reach a fair agreement, while GM stated that it has been negotiating in good faith and aims to resolve the issue as quickly as possible.

In light of the ongoing strike, GM has withdrawn its profit forecasts for the year, citing uncertainty regarding the resolution. Nevertheless, the company has presented a “record” contract in its efforts to facilitate a resolution.

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