| 12:21 AM EST

FCA, UAW Reach Tentative Contract Deal

Fiat Chrysler Automobiles and the United Auto Workers union have reached a tentative labor contract covering more than 47,00 workers in the U.S.
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Fiat Chrysler Automobiles NV and the United Auto Workers union have reached a tentative deal on a labor contract covering more than 47,000 workers in the U.S.

The four-year agreement includes an FCA pledge to invest $9 billion in new plants and U.S.-built products, double the initial amount offered by the company. FCA also agreed to add 7,900 jobs during the contract period, according to the UAW.

Neither side offered further details. But media report says UAW members at FCA will receive $9,000 ratification bonuses. The deal also is expected to closely follow earlier contracts signed at General Motors and Ford that shorten the path for temporary workers, who comprise 13% of FCA’s workforce in the U.S., to become full-time employees.

The UAW’s National Council will meet on Dec. 4 to review the pact and turn it over to union members for a ratification vote that will begin on Dec. 6.

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