Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    The Biggest Risk of Rising Bond Yields

    August 3, 2026

    Kay Granger, First Republican Woman From Texas To Serve In The House, Has Died At Age 83

    August 3, 2026

    10 Snipping Tool Hacks Every Windows 11 User Should Know

    August 3, 2026
    Facebook X (Twitter) Instagram
    Trending
    • The Biggest Risk of Rising Bond Yields
    • Kay Granger, First Republican Woman From Texas To Serve In The House, Has Died At Age 83
    • 10 Snipping Tool Hacks Every Windows 11 User Should Know
    • If You’re Doing This In Your Sleep, It’s Time To See A Doctor
    • The global memory shortage hits the MacBook Air
    • Five Big Moments in Michigan’s Democratic Senate Primary
    • Should Grandparents Be Paid To Babysit Grandchildren?
    • WSJ:本轮存储芯片股泡沫破裂并未引发系统性冲击,标普 500 较历史高点仅跌 1.6%
    Facebook X (Twitter)
    SBM Global News
    Demo
    • Home
    • Top Stories
      • Politics
    • Business
      • Small Business
      • Marketing
    • Finance
      • Investment
    • Technology

      The global memory shortage hits the MacBook Air

      August 3, 2026
      Read More

      OpenAI reportedly finds evidence that more of its agents ran amok

      August 1, 2026
      Read More

      How the Pro-Trump Media Ecosystem Is Splintering Ahead of the Midterms

      August 1, 2026
      Read More

      Judge says Trump admin still lacks evidence for Anthropic ‘supply-chain risk’ label

      July 31, 2026
      Read More

      Satya Nadella says companies that trust one AI for everything may not survive

      July 28, 2026
      Read More
    • Lifestyle
      • Travel
    • Feel Good
    • Get In Touch
    SBM Global News
    Demo
    Home»Business»Auto Workers Approve Ford, GM And Stellantis Contracts
    Business

    Auto Workers Approve Ford, GM And Stellantis Contracts

    By Staff WriterJanuary 20, 20245 Mins Read
    Facebook Twitter LinkedIn Reddit Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Auto workers have signed off on a trio of new contracts with Ford, General Motors and Jeep parent company Stellantis, bringing closure to a more than six-week strike that rocked U.S. auto makers and showed a renewed militancy within the industry.

    The United Auto Workers union announced Monday morning that 64% of members overall voted to ratify the new deals covering a total 150,000 workers. Although the Ford and Stellantis contracts were approved by healthy margins, the GM deal passed narrowly with 55% of workers in favor and 45% opposed, according to a union vote tracker.

    Shawn Fain, the union’s president, said the ratification votes “locked in record gains” and recouped some of the concessions workers had made in the wake of the financial crisis of 2008.

    “We have turned the tide for the American autoworker,” Fain said in a statement Monday. “The UAW is back to setting the standard. Now, we take our strike muscle and our fighting spirit to the rest of the industries we represent, and to millions of non-union workers.”

    Ford CEO Jim Farley said in a statement that the Detroit-based company would be back at full production within a matter of days.

    Ford workers were called back to their jobs shortly after the union reached a tentative agreement in late October. That deal was soon followed by similar agreements at GM and Stellantis.

    “We are entering one of our biggest-ever new product launch years in the U.S.,” Farley said. “We need to deliver these new vehicles on time and with top quality.”

    Farley added that the company needed to tackle “waste” in the supply chain.

    “The reality is that this labor agreement added significant cost, and we are going to have to work very hard on productivity and efficiency to become more competitive,” he said.

    Workers picketed outside of the Ford Assembly plant in Chicago in October.
    Workers picketed outside of the Ford Assembly plant in Chicago in October.

    Scott Olson via Getty Images

    Workers first walked off the job on Sept. 15. Rather than strike all facilities at once, the union chose to stop production at select facilities, initially targeting midsize trucks and SUVs. The UAW gradually expanded the strike in an unpredictable manner, eventually hitting factories that produce highly profitable large trucks and SUVs.

    The deals the union reached include raises of at least 33% over four and a half years when cost-of-living adjustments are factored in. They also significantly cut down the amount of time newer workers must put in before reaching the top rate, from eight years down to three.

    The union also won an agreement from Stellantis to reopen its shuttered plant in Belvidere, Illinois, and a commitment from GM to include battery-plant workers under its national union contract. Those workers are part of a joint venture between GM and LG Energy Solution.

    In spite of what Fain described as record contract wins, a large share of GM workers ended up opposing the deal. The Wall Street Journal reported that many workers were dissatisfied with the provisions related to retirement benefits.

    Demo

    The Big Three strike was one of the most notable in a wave of big work stoppages to hit U.S. employers recently, including in health care, hospitality and Hollywood.

    As HuffPost reported last month, more U.S. workers are going on strike now than have in years. Roughly 468,000 workers had taken part in strikes this year as of Oct. 11, compared with 126,800 over the same period last year, according to the Cornell University School of Industrial and Labor Relations.

    Support HuffPost

    The Stakes Have Never Been Higher

    At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.

    Our News, Politics and Culture teams invest time and care working on hard-hitting investigations and researched analyses, along with quick but robust daily takes. Our Life, Health and Shopping desks provide you with well-researched, expert-vetted information you need to live your best life, while HuffPost Personal, Voices and Opinion center real stories from real people.

    Help keep news free for everyone by giving us as little as $1. Your contribution will go a long way.

    At HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.

    Help keep news free for everyone by giving us as little as $1. Your contribution will go a long way.

    As the 2024 presidential race heats up, the very foundations of our democracy are at stake. A vibrant democracy is impossible without well-informed citizens. This is why HuffPost’s journalism is free for everyone, not just those who can afford expensive paywalls.

    We cannot do this without your help. Support our newsroom by contributing as little as $1 a month.

    As the 2024 presidential race heats up, the very foundations of our democracy are at stake. At HuffPost, we believe that a vibrant democracy is impossible without well-informed citizens. This is why we keep our journalism free for everyone, even as most other newsrooms have retreated behind expensive paywalls.

    Our newsroom continues to bring you hard-hitting investigations, well-researched analysis and timely takes on one of the most consequential elections in recent history. Reporting on the current political climate is a responsibility we do not take lightly — and we need your help.

    Support our newsroom by contributing as little as $1 a month.

    View original article here

    Share. Facebook Twitter LinkedIn Email Reddit
    Previous ArticleTikTok usage is starting to slow — is TikTok Shop to blame?
    Next Article Four Season Beauty: Serene Weddings in The Pocono Mountains at Stroudsmoor

    Related Posts

    The Fight Over the World’s Oldest Bank

    August 2, 2026
    Read More

    Shipping Risks Spread Across Crucial Middle East Oil Routes

    July 30, 2026
    Read More

    EBay To Pay Millions For Harassing Journalists With Cockroaches

    July 29, 2026
    Read More
    Add A Comment

    Leave A Reply Cancel Reply

    Demo
    Top Posts

    Former FBI, CIA Head Has ‘Serious Concerns’ With Trump Cabinet Picks

    December 28, 2024435

    Emirates to operate next-gen A350 on the third daily service to Cape Town

    January 14, 2026256

    AAVE Price Prediction: Target $215-225 by Mid-January 2025 as Technical Indicators Signal Bullish Momentum

    December 15, 2025240

    Ventive Hospitality Joins Green Fins: Strong ESG Lift

    February 17, 2026211
    Don't Miss
    Investment

    The Biggest Risk of Rising Bond Yields

    By Staff WriterAugust 3, 20264 Mins Read

    Long-term government bond yields are on the rise yet again: On the one hand, 30…

    Read More

    Kay Granger, First Republican Woman From Texas To Serve In The House, Has Died At Age 83

    August 3, 2026

    10 Snipping Tool Hacks Every Windows 11 User Should Know

    August 3, 2026

    If You’re Doing This In Your Sleep, It’s Time To See A Doctor

    August 3, 2026
    Stay In Touch
    • Facebook
    • Twitter
    Demo
    About Us

    Small Business Minder brings together business and related news from around the world in one place. Follow us for all the business news you'll need.

    Facebook X (Twitter)
    Our Picks

    The Biggest Risk of Rising Bond Yields

    August 3, 2026

    Kay Granger, First Republican Woman From Texas To Serve In The House, Has Died At Age 83

    August 3, 2026
    Most Popular

    Former FBI, CIA Head Has ‘Serious Concerns’ With Trump Cabinet Picks

    December 28, 2024435

    Emirates to operate next-gen A350 on the third daily service to Cape Town

    January 14, 2026256
    © 2026 Small Business Minder
    • Home
    • Get In Touch

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. To get the most from our site, please disable your Ad Blocker.