GM, Ford Profits Have UAW Eyeing Richer Deals After FCA Approval - Bloomberg

When United Auto Workers members turned down the first labor contract negotiated between their leaders and Fiat Chrysler Automobiles NV in September, it looked like it might go badly for the union. It didn’t.

After threatening to strike, union leaders got FCA to gradually increase hourly wages for more junior workers to more than $29 an hour, from a high of $19.28. The deal will cost the automaker close to $2 billion more over four years, including wages, improved 401(k) plans, bonuses and other benefits, according to two people familiar with the matter, who asked not to be named because those details aren’t public.

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