The United Auto Workers and Chrysler Group LLC have reached a tentative agreement Wednesday on a new national contract that the union says will add 2,100 jobs — many of them in Michigan.
The union announced the accord just before 7 a.m. Wednesday. Terms of the new contract, which still needs to be ratified by the company's 26,000 U.S. hourly employees, were not released, but the UAW began briefing local union leaders on the deal at 9 a.m. at the Region 1 headquarters here.
Sources inside the briefing told The Detroit News that the agreement includes:
A $3,500 signing bonus to be paid in two installments;
A raise in wages for entry-level or two-tier workers to $19.28 an hour over the life of the agreement;
A profit-sharing plan similar to the ones negotiated with General Motors Co. and Ford Motor Co.;
A $500 annual performance bonus each year and a $500 quality bonus.
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