Updated Nov 17, 2023 - Economy

UAW's Ford, Stellantis workers ratify new contracts after strike

A worker pickets outside the Stellantis Sterling Heights Assembly Plant in Sterling Heights, Michigan, on Oct. 23. Photo: Emily Elconin/Bloomberg via Getty Images

UAW-represented workers at Ford and Stellantis have ratified their respective settlements with the Detroit Three automakers.

Why it matters: The deals, which ended a historic six-week strike, include a 25% pay increase over the 4.5 years of the contract, wage hikes for temporary workers, the elimination of a two-tiered wage system and the right to strike over plant closures.

Driving the news: With only a few small facilities remaining as of Friday afternoon, about 70% of Stellantis workers who cast ballots on the deal voted yes, while 30% voted no.

The bottom line: The UAW and the Detroit Three automakers have returned to labor peace — at least until their new deals expire in spring 2028.

Editor's note: This story was updated with new results from union members' voting.

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