The approval of the new collective agreements by the United Auto Workers (UAW) marks a significant milestone for both the automakers and the union. This comes after an unprecedented strike that lasted over six weeks and involved all three groups simultaneously, including Ford, Stellantis, and General Motors.
According to a statement from the UAW, their members voted to ratify the four-year collective bargaining agreements, resulting in record earnings for the automakers. The union reported that 64% of its members from the three groups voted in favor of the ratification of these agreements.
The end of this lengthy negotiation process signifies a new chapter in the relationship between the companies and their employees. The new agreements are likely to bring about changes in wages, benefits, and other working conditions for employees at these automakers.