Negotiations between UAW and the Big Three are officially over
as of a couple weeks ago. The agreed upon changes in labor costs are as follows:
- Fiat Chrysler: From $47 per worker per hour today to $56 by 2019
- General Motors: From $55 per worker per hour today to $60 by 2019
- Ford: From $57 per worker per hour today to $60 by 2019
It was a big win for workers; and even though all three companies agreed to invest billions in U.S. plants over the next four years, many are concerned about the effect of higher labor costs on future business – namely, outsourcing less profitable auto production to Mexico.
