(Reuters) - The United Auto Workers (UAW) secured a "major breakthrough" in labor talks with the Detroit Three automakers as General Motors (NYSE:GM) made some concessions by allowing workers at joint-venture battery plants to be covered by union contracts.
Here is a look at the top talking points, and how negotiations have progressed three weeks after the strike began, according to UAW President Shawn Fain and the companies:
Ford (NYSE:F) General Motors Stellantis (NYSE:STLA)
Wages Top offer of Offered about 21.4% hike.
23% hike. 20% increase.
Wage Cut timeline Cut timeline Cut timeline
progression to get to top to get to top to get to top
wage rate to wage rate to wage rate to
three years four years. four years.
from eight.
Temporary Wages raised Wages Wages raised
workers' wages to $21/hour. increased to to $20/hour.
$20/hour.
Cost-of-living- Agreed to "GM isn't far Agreed to
adjustments reinstate behind," Fain reinstate
cost-of-living said. cost-of-living
allowance. allowance.
Plant closures The UAW can No agreement The UAW can
strike over regarding the strike over
plant issue. plant
shutdowns. shutdowns.
Workers get
income
protection.
Retirement No agreement No agreement No agreement
benefits to restore to restore to restore
pre-2007 pre-2007 pre-2007
defined defined defined
benefit benefit benefit
pension plans. pension plans. pension plans.
Battery Plants No agreement. Agreed to No agreement.
allow workers
at
joint-venture
battery plants
to be covered
by union
contracts.
Source: Fain's statement, company statements