US: UAW believes FCA agreement could be approved early next week

#hashtags: #Fiat Chrysler Automobiles #FCA #UAW #Fiat Chrysler

United Auto Workers President Dennis Williams recently commented on the tentative labor pact with the Fiat Chrysler Automobiles, forecasting it would have the ratification vote completed early next week. The third largest US automaker and the seventh biggest in the world, FCA, last week signed a tentative labor contract with the UAW representatives to extend the usual four-year agreement of around 40,000 employees. Williams spoke to reporters after the UAW leadership itself ratified the proposed pact and passed it on to members for their own vote casting, but he did not go into what comes next, after being asked to divulge if the next focus for the contract deliberations would be either General Motors or Ford Motor. The proposed pact is known so far to be able to bridge the gap – though not completely in its lifetime – between the entry level Tier 2 workers and the highest paid US auto factory veterans. The UAW official also announced the new contract agreement would have “targeted” retirement incentives at certain factories. But he did not specify if these facilities would be the ones having the highest number of Tier One veteran workers or comment on the financial nature of the retirement subsidies. Earlier last week Fiat Chrysler chief executive officer Sergio Marchionne announced they supported the elimination of the tiered wage structure over time but the current four-year proposal was not achieving this feat. Williams added their respective and separate labor negotiations with GM and Ford were progressing positively but again did not specify any timeframe for the signing of a proposed agreement. Via Reuters