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Stellantis (STLA) North America COO Issues Letter to Employees Regarding the Company's First Economic Proposal to the UAW

September 8, 2023 11:31 AM

This has been a really good week at the bargaining table. We have made tremendous progress on hundreds of issues at the subcommittee level and I'm proud of the work our team has accomplished to get us to this point.

Today, we took an important next step in this process by presenting the UAW with our first economic proposal.

From the start of these negotiations, we have said we're committed to fairly rewarding you for your hard work and contributions to the success of the company. Today's offer includes significant wage increases in each year of the contract and, in percentage terms, this opening offer is larger than where we ultimately landed in 2019.

We wanted to share the details with you because we feel it is important to be transparent about what is currently on the table. Here are the highlights:

For Most Represented Employees:

For All Represented Employees:

For Supplemental and In-Progression Employees:

This is a responsible and strong offer that positions us to continue providing good jobs for our employees today and in the next generation here in the U.S. It also protects the company's future ability to continue to compete globally in an industry that is rapidly transitioning to electric vehicles.

Because we know this is important to you and your families, we remain committed to bargaining in good faith and reaching a fair agreement by the deadline. With this equitable offer, we are seeking a timely resolution to our discussions.

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