The United Auto Workers (UAW) union announced a tentative agreement with Stellantis (formerly General Motors) to end a 16-day strike.
UAW President Rory Gamble said a bargain had been reached with Stellantis that will “provide historic gains for our UAW members” including a pathway to permanent positions for temporary workers.
Under the agreement, Stellantis will invest $9 billion in new manufacturing facilities, set up a $2.5 billion training fund for workers and give pay raises and bonuses totaling $12.8 billion over the next four years.
Stellantis will also prioritize the hiring of workers who were laid off in previous rounds of cost-cutting, provide an increase of 3% in wages and set up a new health care option that pays for all workers’ health care, according to the UAW.
The tentative agreement still needs to be approved by the union’s membership, which is expected to vote this weekend.