Chrysler Parent Stellantis' Workers Vote To Ratify Labor Contract: Report

The United Auto Workers (UAW) members at Stellantis NV STLA, the parent company of Chrysler, reportedly ratified a labor agreement, marking a pivotal moment in the auto industry's labor relations.

The ratified deal garnered support, with approximately 68% of UAW members voting in favor, translating to a margin of over 9,600 votes, reported Reuters.

The finalization of the vote is still pending from a few small locals, but the majority approval signifies a major victory for the union and its members, the report added.

This agreement ensures a substantial 25% wage increase for workers, locked in through April 2028.

The deal's approval follows a coordinated six-week strike campaign across the Detroit Three automakers, spotlighting the need for enhanced wages and benefits for auto workers.

In parallel developments, workers at General Motors Co GM have also voted in favor of a similar agreement.

Meanwhile, Ford Motor Co F is witnessing a strong inclination towards approval among its UAW workers, with the current voting margin exceeding 10,000 in favor, the report noted.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo Via UAW