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UAW leaders send Stellantis contract deal to members for vote -source
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(Reuters) — Leaders of the United Auto Workers union on Thursday agreed to send a tentative contract agreement with Chrysler-parent Stellantis (NYSE:STLA) to members for a ratification vote, a source told Reuters.
UAW President Shawn Fain plans to unveil additional details of the labor agreement that includes a 25% pay hike and improved retirement benefits and runs through April 2028 in remarks that will air on social media at 7 p.m. Eastern time.
The source confirmed the UAW tentative agreements with Stellantis, General Motors (NYSE:GM) and Ford (NYSE:F) include an additional ratification bonus of around $110 per day for employees who were on strike or laid off during the work stoppage that began in mid-September.
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