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FCA and UAW continue talking, strike threat still present

Fiat Chrysler and the United Auto Workers union are continuing negotiations over a new wage deal, with the prospect of strike looming over the car maker.

The management of Fiat Chrysler and the UAW had earlier agreed to a new deal, but over 65 percent of the UAW’s FCA members rejected the 4-year contract, which keeps in place the current two tier wage system.

After that the union called for a strike this week, and then headed back into negotiations with the Italian-American car company.

It’s estimated that the company could lose up to US$1 billion in revenue, or around US$40 million in profit, per day if a general strike were to take place.

Source: Automotive News