© Reuters. FILE PHOTO: A flag with the logo of Stellantis is seen at the company’s corporate office building in Saint-Quentin-en-Yvelines near Paris, France, May 5, 2021. REUTERS/Gonzalo Fuentes/File Photo
(Reuters) -Canadian labor union Unifor said on Monday its members voted in favor of a new contract with Chrysler-parent Stellantis (NYSE:).
Unifor reached a tentative deal with Stellantis on Oct. 30 after a brief strike at the Franco-Italian automaker’s facilities in Canada.
The deal included base hourly wage increases of nearly 20% for production and 25% for skilled trades over the lifetime of the agreement. It also brings back cost-of-living allowances, or COLA, by the end of 2024.
The agreement was ratified after positive votes from members at Stellantis facilities in Windsor, Brampton, Etobicoke, Mississauga and Red Deer.
Among the Detroit Three automakers in Canada, Stellantis employs the most number of workers and produces some of its popular vehicles such as the Dodge Charger and Challenger, which are made in its Brampton assembly plant in Ontario.
Meanwhile, more-than-a-month old strike by the United Auto Workers (UAW) union against the Detroit Three automakers in the United States also ended in October.
This story originally appeared on Investing
