DETROIT (AP) — The United Auto Workers and Fiat Chrysler reached a tentative agreement Saturday on a new four-year contract, which includes a total of $9 billion in investments but still needs final approval from workers.
Both sides declined to offer details on the deal, but it includes a $9,000 signing bonus, a promise not to close any factories for the next four years and a commitment to keep making vehicles at a plant in Belvidere, Illinois, according to a person briefed on the matter who spoke on condition of anonymity because the talks are confidential.
The UAW-FCA national council will meet Dec. 4 to go over the details of the tentative deal. If adopted, it would go to Fiat Chrysler Automobiles’ 47,000 union workers, and a vote by hourly and salary workers could begin on Dec. 6.
Fiat Chrysler is the last company to settle on a new contract with the union. GM settled Oct. 31 after a bitter 40-day strike that paralyzed the company’s U.S. factories, but Ford reached a deal quickly and settled in mid-November.
Talks have focused on Fiat Chrysler for almost two weeks, and both sides negotiated into the early morning hours earlier this week before taking a break for the Thanksgiving holiday.
The Illinois factory west of Chicago now makes the Jeep Cherokee small SUV and employs about 3,700 union workers on two shifts.
The $9,000 signing bonus isn’t as much as the $11,000 that GM workers got, but it’s equal to the money paid to Ford workers.