Something for everyone
It does have something for everyone, though. Legacy workers received a 3 percent wage increase in year’s one and three of the contract, with lump-sum bonuses of $2,400 and $2,500, respectively, in year’s two and four.
The revised agreement also raised the contract signing bonus for Tier 1 workers by $1,000 to $4,000 from $3,000, while leaving the signing bonus for entry-level workers at $3,000.
Additionally, FCA and the UAW agreed to consider changes to alternative work schedules that can cause workers to change shifts between days and nights.
The union also scrapped plans for a health care co-op that workers thought might raise their out-of-pocket costs from one of the richest plans in industrial America.
Instead, health care will continue to be paid by FCA with workers contributing just 6 percent of the cost vs. about 30 percent for FCA salaried workers.
Following the FCA vote, the UAW could focus on either FM or Ford as its next “target,” or may try to finish both simultaneously. Negotiations with both Ford and GM have been ongoing, albeit quietly, while FCA and the UAW secured their deal.