AP Source: Fiat Chrysler, auto union close to contract deal

DETROIT — A person briefed on the matter says the United Auto Workers and Fiat Chrysler are close to reaching a tentative contract agreement.

The person, who spoke on condition of anonymity because the talks are private, says the deal could be finalized Saturday.

The person says 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.

If the deal becomes final, top union leaders and factory-level officials likely will gather next week to vote on it. Then it must be ratified by Fiat Chrysler Automobiles’ 47,000 union workers.

Fiat Chrysler is the last company to settle on a new contract with the union. GM settled in October and Ford reached a deal earlier this month.

You may also interested in

Valeant, attempting to normalize operations, names new CFO

Aug 22, 2016

Valeant Pharmaceuticals is replacing Robert Rosiello as chief financial officer as the embattled pharmaceutical company attempts to normalize operations amid a host of ongoing investigations and class action suits

AP NewsBreak: Feds want to ban swimming with Hawaii dolphins

Aug 24, 2016

Federal regulators are proposing a ban on swimming with dolphins in Hawaii

How EpiPen's maker raised prices, and hackles, so much

Aug 23, 2016

Sky-high price hikes for an emergency allergy medicine are making drugmaker Mylan the latest target for patients and politicians infuriated by soaring drug costs

People also read these

Delphi, Mobileye join forces on autonomous car platform

Aug 23, 2016

Auto parts and electronics company Delphi Automotive is joining with Israeli software maker Mobileye to develoDelphi and Mobileye plan to build a complete autonomous driving platformp the building blocks for a fully autonomous car in about two years

Some vacation spots quietly benefit as travelers avoid Zika

Aug 23, 2016

Zika fears are leading some to book away from the Caribbean and Florida

Ford recalls over 88K vehicles due to stalling problem

Aug 24, 2016

Ford is recalling more than 88,000 cars and SUVs because the engines can stall without warning due to a fuel pump problem

Emporium Post fulfils the need to know all things about consumers and how businesses can take this opportunity to reach their own customers.

Contact us: sales@emporiumpost.com

Join our mailing list now!