Stellantis executives looked around, saw the numerous drawn-out strikes that have happened this year, and told striking workers, “Let’s get this over with.”
What happened: Stellantis became the last of the Big Three automakers (alongside Ford and GM) to reach a tentative new deal with its employees, repped by Unifor, after a strike that was so short some workers wouldn’t have even gotten the chance to hit the picket line.
The deal covers ~8,200 workers, which, per Unifor, represent the largest production footprint in the country (and are making cars under brands like Dodge and Jeep).
- The deal secures 20-25% wage bumps over three years, a better pension, a cost of living stipend, and two new paid holidays — the same as recent Ford and GM deals.
And that’s not all…
Unifor is on a hot streak, also securing a tentative deal for St. Lawrence Seaway workers late Sunday, ending an eight-day strike that disrupted supply chains.
The simultaneous autoworker strike south of the border also ended yesterday after GM reached a tentative deal with its workers after six weeks of negotiations.
Why it matters: Striking workers have secured impressive gains — gains that likely won’t be seen elsewhere in the labour market as conditions start to shift out of favour for employees.
A survey of over 500 Canadian companies across 15 sectors found that most are planning more modest pay increases next year due to economic uncertainties.
Meanwhile, new Conference Board of Canada data suggests that finding workers is getting easier and that wage growth, which ran hot earlier this year, is slowing.
Bottom line: Canadian unionization rates are down since the ‘80s and stood at 29% last year. While the strike surge might not lead to increased union interest, wage wins that continue amidst a cost-of-living crisis could, at least, cause some serious FOMO.—QH