(Reuters) – Leaders of the United Auto Workers union on Thursday agreed to send a tentative contract agreement with Chrysler-parent Stellantis 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 and Ford 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.
(Reporting by David Shepardson; Editing by Chris Reese)
