UAW workers ratify contracts with Big 3 automakers
Source: Washington Post
The unions combative new president, Shawn Fain, said the UAW will now turn its attention to attempting to unionize the U.S. auto industry beyond General Motors, Ford and Stellantis, as well as other employers.
The Stand Up Strike was just the beginning. The UAW is back to setting the standard. Now, we take our strike muscle and our fighting spirit to the rest of the industries we represent, and to millions of nonunion workers ready to Stand Up and fight for a better way of life, Fain said in a statement Monday.
The vote was overwhelming in favor of the contract among workers at Ford and Stellantis, but was closer for General Motors union workers. Five large GM plants voted the deal down last week, with some veteran workers voicing opposition about receiving a lower raise relative to others.
Read more: https://www.washingtonpost.com/business/2023/11/20/uaw-contract-ford-general-motors-stellantis/
But the lower seniority members will not have health care and a pension.
Members if I understand it has additional compensation added to their 401k for health care coverage. That doesn't mean the money will be there for the members to pay for it in retirement. Especially if they retire before they are Medicare eligible.
Instead of a pension they have a 401k which they manage themselves. So many things could go wrong with their investment.