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The Daily
A Historic Strike (And Win) For Auto Workers
Oct 31, 2023
Neal E. Boudette, an auto industry correspondent for The New York Times, discusses the historic strike and win for auto workers. Topics include significant pay increases, improved benefits, the power of workers, financial impact of the strike, and the ambitions of the United Auto Workers (UAW).
22:00
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Quick takeaways
- The new contract agreement between the UAW and car manufacturers includes significant wage increases for both top and lower-paid workers, along with other gains such as cost of living adjustments and improved pension contributions.
- UAW President Sean Fane's strategy of targeted strikes at multiple companies simultaneously was effective in keeping the companies off balance and gaining ground for the union, leading to successful negotiations.
Deep dives
Huge pay increases for auto workers in tentative deal
The United Auto Workers (UAW) union has reached a tentative contract agreement with Ford, GM, and Stellantis, after weeks of striking and negotiations. The top UAW wage is set to increase by 25% over four and a half years, from $32 an hour to over $40 an hour. Lower-paid workers will see even bigger increases, with wages potentially doubling for some in four and a half years. Cost of living adjustments, improved pension and 401k contributions, and the right to strike over plant closures are among the other gains in the agreement.
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