Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
United Auto Workers on week six of a national strike against General Motors on Oct. 23 in Flint, Michigan. Photo: Bill Pugliano/Getty Images
The United Auto Workers reached a tentative four-year labor agreement with Fiat Chrysler on Saturday, CNBC reports.
The big picture: UAW reached tentative deals with Ford and General Motors in October after weeks of labor strikes, reducing GM's 2019 earnings by nearly $3 billion. The auto workers' deal at Ford came quickly, without any labor disruption.
Catch up quick: Workers secured raises plus $11,000 in bonuses in its ratified deal with GM in exchange for not blocking GMs' plans to close four facilities across the U.S. UAW's strike against GM was the first U.S. auto strike in 12 years.
What's next: The tentative agreement with Fiat Chrysler awaits approval or rejection from local union leaders in the coming weeks. Fiat Chrysler's UAW employees would vote on the deal after that approval.
- Fiat Chrysler is in talks to merge with France's PSA Group, the parent company of Peugeot. It's not known how the uncertainty of that global deal could affect U.S. labor talks, Axios' Joann Muller writes.
Go deeper: General Motors sues Fiat Chrysler alleging union bribes