Wages and Pensions

UAW faces tough road to salvage failed Fiat Chrysler deal

7:36 pm U.S. ET | Oct. 2, 2015

Mounting discontent among the UAW's rank and file will complicate efforts of the union's top leaders as they bid to recover from the defeat of a proposed labor agreement with Fiat Chrysler....
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The UAW-FCA deal: A bridge too short

4:15 pm U.S. ET | Sept. 28, 2015

At the UAW national bargaining convention in March, rank-and-file delegates sent clear marching orders to UAW President Dennis Williams: Use the Detroit 3 negotiations to fix a two-tier wage system damaging to shop-floor solidarity....
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Winterkorn expected to receive $32 million pension after exit

5:45 pm U.S. ET | Sept. 23, 2015

Martin Winterkorn, engulfed by a diesel-emissions scandal at Volkswagen AG, amassed a $32 million pension before stepping down Wednesday, and may reap millions more in severance depending on how the supervisory board classifies his exit....
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FCA's union workers set strike authorization vote for Aug. 20

3:56 pm U.S. ET | Aug. 14, 2015

The UAW has scheduled a strike authorization vote on Aug. 20 for its 37,000 members at Fiat Chrysler Automobiles....
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UAW, Detroit 3 will talk about wages, not jobs, this time

12:01 am U.S. ET | July 18, 2015

Job and product promises sold the last two Detroit 3 contracts to the UAW. This year, the talks are about wages....
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UAW wages may be flat, but workers' pay is up

12:01 am U.S. ET | July 6, 2015

In contract talks with the Detroit 3, the UAW will be looking to boost the pay of veteran Tier 1 workers, who haven't had a wage increase in a decade. But that doesn't mean their pay hasn't gone up....
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Toyota counters union wage request with smaller offer

6:25 am U.S. ET | March 16, 2015

Toyota, which makes more profit than all other Japanese carmakers combined, will offer to raise wages by one-third less than what its labor union requested....
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Union OKs 3% wage rise in Daimler, Porsche's heartland

Feb. 24, 2015 10:47 CET

Germany's biggest trade union, IG Metall, accepted a 3 percent wage increase for the country's southwest region, home to carmakers Daimler and Porsche. The union had called for a 5.5 percent increase. Deals agreed in the region traditionally serve as a template for agreements across Germany....
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Ford's new 1,550 workers for F-150 output pushes 300-500 to top-tier wages

12:01 am U.S. ET | Feb. 4, 2015

Ford is adding 1,550 hourly employees in the first quarter to increase output of its aluminum-bodied F-150 pickup. The hires will cause between 300 and 500 UAW members earning Tier 2 hourly wages of $19.28 today to rise to top-tier status with hourly wages of $28.50....
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TRW strikes $440 million deal to shift U.S. pensions

2:49 pm U.S. ET | Dec. 16, 2014

TRW Automotive Holdings struck a deal to transfer U.S. pension obligations to MetLife as the maker of auto parts works to limit liabilities....
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Stagnant wages are a drag on new-car sales

12:01 am U.S. ET | Dec. 8, 2014

One reason auto sales in the United States still aren't quite back to the 17 million-a-year pace seen during the boom years before the recession: Many consumers haven't gotten much of a raise since then....
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In Mexico, a booming auto industry but stalled living standards for workers

12:01 am U.S. ET | Nov. 28, 2014

Mexico’s booming automobile industry is generating more export dollars than oil, building more cars than Brazil and giving a job to Esmeralda Velazquez. What it isn’t doing is raising her living standards....
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Mazda's Wager: Self-driving cars will be ‘disastrous’ for industry

Mazda's Wager: Self-driving cars will be ‘disastrous’ for industry

Mazda’s N.A. marketing chief Russell Wager says a lot is at risk in the rush to create self-driving cars – including brands and advertising as we know it.
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