The United Auto Workers (UAW) union has announced a tentative agreement with Stellantis, a major automotive manufacturer, to end a nearly three-month strike.
The strike began in October 2020, when workers at Stellantis’s Detroit factory rejected the company’s proposed contract and went on strike. After months of negotiations, the two sides have come to an agreement that will end the strike and put the workers back on the job.
The new contract includes pay increases and increased profit sharing for workers, as well as improved health care and retirement benefits. In addition, the agreement creates a dedicated fund to invest in the future of the Detroit factory and allows Stellantis to invest in technological advancements in the factory.
The agreement still needs to be ratified by union members, but it appears that the strike is nearing an end. If ratified, this new contract could help Stellantis stay competitive in the increasingly competitive global auto market.