Chrysler UAW voting on contract ends soon, could be close
The United Auto Workers is expected to announce the results of voting on a tentative contract with Chrysler by Wednesday.
Chrysler is the last of the Detroit Three to reach a settlement on a new, four-year contract.
Kristin Dziczek is with the Center for Automotive Research.
She said so far, the vote looks very close. Union members with Chrysler may have been expecting more than they got, she said.
This is coming on the heels of two very strong agreements with General Motors and with Ford that had more cash and fewer contingencies.
Entry-level workers, who receive about 1$14 an hour now, would get a raise of about $4 an hour, phased in over the four years of the contract.
Workers would get an immediate signing bonus of $1,750.00, with the promise of another $1,750.00 dollars if Chrysler meets certain financial goals.
If the contract is rejected, it goes to binding arbitration, because of an agreement the union made with Chrysler during the company’s bankruptcy.