After an unprecedented six-week strike that involved all three major US automakers, Ford, Stellantis, and General Motors, the United Auto Workers (UAW) recently announced that their employees have approved the new collective agreements. This marks a significant milestone for both the automakers and the UAW as it signals the end of a lengthy negotiation process and the beginning of a new chapter in their relationship.
The UAW released a statement stating that their members voted to ratify the four-year collective bargaining agreements, resulting in record earnings. The union reported that 64% of the members of the three groups voted in favor of ratification. The approval of these agreements brings about changes in wages, benefits, and other working conditions for employees of these automakers.
The recent strike was unprecedented as it involved all three groups simultaneously for the first time. The automakers were forced to make concessions to avoid further strikes and maintain production levels. The new agreements will likely bring about changes that will benefit both the employees and employers in various ways.