The approval of the new collective agreements by the United Auto Workers (UAW) marks a significant milestone in the relationship between the automakers and their employees. This comes after an unprecedented six-week strike involving all three US automakers, Ford, Stellantis, and General Motors, simultaneously for the first time.
The UAW released a statement announcing that their members have voted to ratify the four-year collective bargaining agreements. The union reported that 64% of the members of the three groups voted in favor of the ratification. This decision has resulted in record earnings for the automakers and their employees.
The new agreements will likely bring about changes in wages, benefits, and other working conditions for the employees of these automakers. This approval signifies the end of a lengthy negotiation process and represents a new chapter in the relationship between these companies and their workforce.