After weeks of negotiations, Fiat Chrysler and the United Auto Workers have hammered out a new labor agreement. But the hard work is just beginning.
While union leaders and company management spoke of a cooperative relationship during the talks, FCA’s 40,000 U.S. hourly workers must vote on the deal reached Tuesday, and many are in a fighting mood, particularly some veteran workers who haven’t seen a pay increase in at least a decade.
Still to come, the UAW must reach deals with Ford and General Motors, which are bigger and more profitable than FCA. Ford racked up a $6.9 billion pretax profit last year in North America; FCA made about half that.
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