Stellantis (STLA) Offers 14.5% Wage Increase To Auto Workers

Stellantis (STLA) offers 14.5% wage increase to auto workers over 4 years and 2% wage boost to newer employees. Jenny Horne discusses this UAW update. The offer also includes a $6K one-time “inflation protection payment” and a total of $4.5K in additional payments over the next three years. The UAW demands include a 40% pay increase, a reduced 32-hour work week, and shift back to traditional pensions. The UAW rejected General Motors (GM) and Ford’s (F) latest wage increase offers. Tune in to find out more about the stock market today.