Hyundai to raise hourly pay 25% by 2028 following UAW deal
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Stellantis offering buyouts to about half its US salaried employees
November 13, 2023 3:39 PM ESTBy David Shepardson
(Reuters) -Chrysler-parent Stellantis said Monday it is offering 6,400 U.S. salaried employees voluntary buyouts as it works to cut costs amid the transition to electric vehicles and agreeing to a new United Auto Workers contract.
The buyouts would be about half the company's salaried U.S. employees not represented by a union, which is currently 12,700. Another 2,500 Stellantis U.S. salaried workers are unionized and are not being offered the current buyout.
Salaried employees must have at least... More
Stellantis (STLA) to Offer White-Collar Workers Buyouts in Second Round This Year - WSJ
November 13, 2023 3:21 PM ESTStellantis (NYSE: STLA) to Offer White-Collar Workers Buyouts in Second Round This Year - WSJ
Packages Come After Earlier Buyouts Offered in AprilPackages to be Offered to Workers With At Least Five Years of Company Experience... MoreSAIC-GM partner with Tesla (TSLA) for supercharger access in China
November 10, 2023 2:15 PM ESTSAIC-GM, a joint venture between SAIC Motor and General Motors (NYSE: GM), announced its plans to join forces with Tesla (NASDAQ: TSLA) for access to the EV automakers Supercharger Network by the close of 2023.
This groundbreaking collaboration positions SAIC-GM as the first... More
Honda hikes production workers' pay 11% after UAW deals with Detroit Three
November 10, 2023 11:05 AM EST(Reuters) -Honda Motor said on Friday it was implementing an 11% pay hike for production workers at its U.S. facilities from January, days after the United Auto Workers (UAW) union and the Detroit Three automakers agreed to new contracts.
The company also said it would cut the time it takes for a worker to get to the top-wage tier to three years from six, confirming an earlier Wall Street Journal report.
Non-unionized automakers such as Honda have come under pressure to improve... More
Honda (HMC) offers U.S. workers 11% raise following UAW win
November 10, 2023 10:40 AM ESTThe Wall Street Journal reports Friday morning that Japanese automaker, Honda Motor (NYSE: HMC) is offering many U.S. factory workers an 11% pay increase, as-well-as making other improvements.
The move comes after the United Auto Workers (UAW) union won major concessions from the Detroit... More
Honda To Boost Base Wages 11% for Many U.S. Factory Workers Following UAW Gains in Detroit - WSJ
November 10, 2023 10:22 AM ESTHonda To Boost Base Wages 11% for Many U.S. Factory Workers Following UAW Gains in Detroit - WSJ
... More