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UAW President Shawn Fain plans to unveil additional details of the labor agreement that includes a 25% pay hike and improved retirement benefits and runs through April 2028 in remarks that will air on social media at 7 p.m. Eastern time.
The source confirmed the UAW tentative agreements with Stellantis, General Motors (NYSE:GM) and Ford (NYSE:F) include an additional ratification bonus of around $110 per day for employees who were on strike or laid off during the work stoppage that began in mid-September.
