Capital.com NewsFiat Chrysler and America’s United Auto Workers (UAW) union have reached a tentative deal on a new labour contract that will bring huge investment to the company.
The UAW said it agreed to a deal with Fiat Chrysler to add $4.5 billion in investments, adding 7,900 jobs over the four-year contract deal.
The $4.5 billion is in addition to a previous pledge of $4.5 billion for a total of $9 billion marked for new investment, UAW Vice President Cindy Estrada said in the statement.
The UAW Bargaining Committee worked “diligently, over many months, during the General Motors strike and Ford negotiations to maintain productive negotiations with FCA,” said the UAW.
The UAW-FCA National Council will meet on Wednesday, December 4 to go over the proposed tentative agreement. If adopted, it will go to a ratification vote beginning on December 6.
