Toyota to raise wages following UAW deals with 3 major automakers

0

Toyota said it will raise wages at its U.S. factories just days after the United Auto Workers (UAW) union reached a tentative agreement with the three major automakers to suspend a weekslong strike.

The Japanese automaker will reportedly increase wages for hourly manufacturing workers at the top rate by about 9 percent Jan. 1, according to Reuters. It will also cut the amount of time it takes workers to reach the top wage rate to four years and increase paid time off.

“At Toyota, we take great pride in showing respect for people,” Chris Reynolds, the executive vice president and chief administrative officer of Toyota Motor North America, said in a statement.

“We value our employees and their contributions, and we show it by offering robust compensation packages that we continually review to ensure that we remain competitive within the automotive industry,” he added.

The announcement follows the UAW’s decision on Monday to suspend its strike against the three major U.S. automakers — Ford, General Motors (GM) and Stellantis — after reaching a tentative deal with GM.

GM was the last of the three to strike a deal with the union, agreeing to largely the same terms as Ford and Stellantis. All three companies agreed to a 25 percent general wage increase over the life of a 4 1/2-year contract, including an immediate 11 percent raise.

They also agreed to reinstate cost-of-living adjustments and to cut the time it takes workers to reach the top wage rate to three years.

As the strike showed signs of winding down Sunday, UAW President Shawn Fain signaled that the union plans to turn its attention to organizing at other automakers.

“One of our biggest goals coming out of this historic contract victory is to organize like we’ve never organized before,” Fain said during livestreamed remarks. “When we return to the bargaining table in 2028, it won’t just be with the big three. It will be the big five or big six.”

Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Source link

Denial of responsibility! YoursTelecast is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@yourstelecast.com. The content will be deleted within 24 hours.
Leave A Reply

Your email address will not be published.

xnxx army brownporntube.info prabhas hero قصص نيك لواط keep-porn.com احسن فيلم سكس indian porb indiansfucking.com meri mast chut indian desi sex vidio verpornos.org who is the sexiest actress in bollywood savita porn 3porn.info 3ratsex سكس غشاء بكاره thepornoexperience.com افلام ممنوعه نهائيا manipur sex videos kinkygonzo.mobi romance sex vedios sexemalayalam wapoz.me www indiangirlsex chennai girls for friendship pornohata.com xxx com hende eroticage.com pinkpix.net xxx..sex bf bhejna waplo.info real ref video m.chaturbate fuckswille.com south sex بوس بنات ساخن frenvis.com نيك امهات مصري sumabak in english pinoywebtv.com mmk nov 24 wwwsaxi pornfure.mobi pune shemale