Fiat Chrysler Reaches New Deal With United Auto Workers
Italian-American automaker Fiat Chrysler has reached a tentative deal with the United Auto Workers union.
Fiat Chrysler is the last company to settle on a new contract with the union and the deal reportedly has a total of $9 billion in investments.
A source says it includes a $9,000 signing bonus, a promise not to close any factories for the next four years and a commitment to keep making vehicles at a plant in Belvidere, Illinois.
The UAW-FCA national council will meet on December 4th to go over the details of the tentative deal.
If adopted, it would go to Fiat Chrysler Automobiles’ 47,000 union workers.
A vote by hourly and salary workers could begin on December 6th.