Stellantis, Unifor Settle Differences With Tentative Agreement Just 7 Hours Into Strike
Portfolio Pulse from Anan Ashraf
Canadian workers union Unifor reached a tentative agreement with Stellantis NV (NYSE:STLA) on Monday, hours after commencing a strike. The agreement includes a nearly 19% increase in base hourly wage for production workers and a nearly 25% hike for those in skilled trades over three years. The agreement is yet to be ratified by the workers.
October 31, 2023 | 4:29 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Stellantis NV reached a tentative agreement with Unifor, potentially ending the strike. The agreement, if ratified, will increase wages significantly.
The tentative agreement between Stellantis and Unifor could end the strike, which would be positive for the company. The wage increases could lead to higher costs, but the end of the strike would likely be seen as more significant in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100