Fiat Chrysler Automobiles assembly workers build 2019 Ram pickup trucks at the FCA Sterling Heights Assembly Plant in Sterling Heights, Michigan, Oct. 22, 2018.Stellantis, in a statement, said the company and the union have "a long history of working together, and our intent is to continue this partnership."
GM and Ford released similar statements this week. The companies do not historically comment on specifics of the negotiations until they are concluded.Automakers have spent decades attempting to remove fixed costs from their balance sheets. They continue to support variable bonuses such as profit sharing, based on the company's operations instead of cost-of-living-adjustments that are dependent on outside factors such as inflation.
United Auto Workers members on strike picket outside General Motors' Detroit-Hamtramck Assembly plant in Detroit, Sept. 25, 2019.Under the current pay structure, UAW members start at about $18 an hour and have a "grow-in" period of four years to reach a top wage of more than $30 an hour.forecast average hourly labor costs