• Home
  • Startup
  • Money & Finance
  • Starting a Business
    • Branding
    • Business Ideas
    • Business Models
    • Business Plans
    • Fundraising
  • Growing a Business
  • More
    • Innovation
    • Leadership
Trending

AI Research Is Getting Harder to Separate From Geopolitics

April 6, 2026

Cursor Launches a New AI Agent Experience to Take On Claude Code and Codex

April 5, 2026

AI Models Lie, Cheat, and Steal to Protect Other Models From Being Deleted

April 4, 2026
Facebook Twitter Instagram
  • Newsletter
  • Submit Articles
  • Privacy
  • Advertise
  • Contact
Facebook Twitter Instagram
UptownBudget
  • Home
  • Startup
  • Money & Finance
  • Starting a Business
    • Branding
    • Business Ideas
    • Business Models
    • Business Plans
    • Fundraising
  • Growing a Business
  • More
    • Innovation
    • Leadership
Subscribe for Alerts
UptownBudget
Home » UAW Details Stellantis Pact, Including New Product At Illinois Plant
Innovation

UAW Details Stellantis Pact, Including New Product At Illinois Plant

adminBy adminNovember 3, 20230 ViewsNo Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email

United Auto Workers officials Thursday night briefed members about terms of a tentative 4.5-year labor agreement, including details about plans to reopen an Illinois plant.

The briefing was conducted ahead of a ratification vote.

“These are enormous gains,” union vice president Rich Boyer said on a livestream. Concerning the company’s Belvidere, Illinois, operation, Boyer said: “We had a duty to save Belvidere.”

Stellantis idled the factory earlier this year and laid off 1,200 people. It had produced the Jeep Cherokee SUV.

According to the union, Stellantis agreed to produce a midsize truck on two shifts at Belvidere. That would take up the slack of the 1,200 layoffs, the UAW said. The company also agreed to put an electric vehicle battery operation at Belvidere. The UAW said about $1.3 billion will be invested in battery production and about 1,300 jobs would be created.

The battery operation will be a joint venture, union president Shawn Fain said on the livestream. However, those who work in battery production will be “Stellantis employees and leased to the joint venture,” Fain said.

As a result, battery workers will be covered by UAW’s contract with Stellantis, the union chief said.

“We have to make sure green jobs and good jobs,” Fain said.

The union wants to ensure its members will be retained as the industry shifts to EVs. There are uncertainties because EVs can be simpler to assemble and have fewer parts than vehicles powered by conventional internal combustion engines.

“Wherever the industry is going, the UAW is going with it,” Fain said.

Financial terms of the Stellantis accord are similar to an agreement being voted on by UAW members at Ford Motor Co.

Those terms include pay raises of 25% during the agreement, including an immediate 11% boost upon ratification. Cost-of-living adjustments have also been restored. The pact reduces the time to reach top pay rates to three years.

The union has made details available to members on its website.

Since 1999, the UAW has negotiated four-year contracts with Stellantis (which includes the former Chrysler Corp.), Ford and General Motors Co. During this year’s negotiations, the union wanted longer contracts so it can organize U.S. factories owned by foreign automakers. Those automakers have resisted UAW organizing efforts.

The UAW reached a tentative agreement with GM on Monday.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

From $50M Startup To AI Powerhouse: Jennifer Tejada’s PagerDuty Playbook

Innovation March 25, 2026

JAXPORT Relies On Transportation Visibility To Improve Throughput

Innovation March 1, 2026

SNL’s Will Forte On How Huntington’s Disease Has Become A Family Issue

Innovation February 28, 2026

Who Is Winning Continuous Hormone Monitoring And What Comes Next

Innovation February 27, 2026

Data Sovereignty Is No Longer Just A Compliance Problem

Innovation February 26, 2026

A Robotaxi Hit A Child. Here’s What We Know

Innovation January 29, 2026
Add A Comment

Leave A Reply Cancel Reply

Editors Picks

AI Research Is Getting Harder to Separate From Geopolitics

April 6, 2026

Cursor Launches a New AI Agent Experience to Take On Claude Code and Codex

April 5, 2026

AI Models Lie, Cheat, and Steal to Protect Other Models From Being Deleted

April 4, 2026

‘Uncanny Valley’: Nvidia’s ‘Super Bowl of AI,’ Tesla Disappoints, and Meta’s VR Metaverse ‘Shutdown’

April 2, 2026

Kalshi Has Been Temporarily Banned in Nevada

April 1, 2026

Latest Posts

Livestream Replay: The War Machine

March 30, 2026

Arm Is Now Making Its Own Chips

March 29, 2026

A New Game Turns the H-1B Visa System Into a Surreal Simulation

March 28, 2026

Google Shakes Up Its Browser Agent Team Amid OpenClaw Craze

March 27, 2026

Why Walmart and OpenAI Are Shaking Up Their Agentic Shopping Deal

March 26, 2026
Advertisement
Demo

UptownBudget is your one-stop website for the latest news and updates about how to start a business, follow us now to get the news that matters to you.

Facebook Twitter Instagram Pinterest YouTube
Sections
  • Growing a Business
  • Innovation
  • Leadership
  • Money & Finance
  • Starting a Business
Trending Topics
  • Branding
  • Business Ideas
  • Business Models
  • Business Plans
  • Fundraising

Subscribe to Updates

Get the latest business and startup news and updates directly to your inbox.

© 2026 UptownBudget. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.