BusinessPostCorner.com
No Result
View All Result
Wednesday, May 28, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Nissan raises wages 10% for factory workers after UAW’s win against Detroit’s Big 3

November 21, 2023
in Business
Reading Time: 2 mins read
A A
0
Nissan raises wages 10% for factory workers after UAW’s win against Detroit’s Big 3
ShareShareShareShareShare

Nissan Motor Co. is giving its 9,000 US factory workers a 10% raise in January and eliminating a tiered pay structure, becoming the latest nonunion auto manufacturer to boost wages following the United Auto Workers winning record contracts from the Detroit carmakers.

Nissan’s pay hike comes after similar moves by Toyota Motor Corp., Honda Motor Co., [hotlink]Hyundai Motor[/hotlink] Co. and Subaru Corp. for their US factory workers. Nissan told workers Monday the raise takes effect January 8, at which time all its US factory workers will move up to the top pay rate, ending a practice of paying newer workers less.

“These changes are rooted in our ongoing strategy to attract and retain top talent within the industry,” Brian Brockman, a Nissan spokesman, said in a statement.

Nissan also offers eight weeks of paid parental leave, more than the two weeks the UAW won in its new contracts. And the company already offered Juneteenth as a paid holiday. 

Nissan and the other nonunion automakers have moved quickly to boost pay and benefits for workers as the UAW targets their US plants for organizing. On its Facebook page, the UAW recently told workers at Nissan, Toyota, Honda, Hyundai, Subaru, Tesla Inc., BMW, Mercedes, Mazda, Volkswagen AG and Rivian Automotive Inc. that “a better life is out there. It’s up to you to take action. Join our movement, and join the UAW.” 

On Monday, the UAW formally ratified the last of the contracts with Detroit’s Big Three automakers. In a statement, President Joe Biden congratulated the UAW and noted many Asian automakers’ US plants have now also offered significant wage increases. “These contracts show that when unions do well, it lifts all workers,” he said. 

The UAW won a 25% wage increase and a top rate of $42-an-hour in contracts just ratified by about 146,000 workers at General Motors Co., Ford Motor Co. and Chrysler-parent Stellantis NV. The 4-year and 8-month agreements also restore cost-of-living allowances that boost total compensation by 33%.

Subscribe to the CEO Daily newsletter to get the CEO perspective on the biggest headlines in business. Sign up for free.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Can bamboo be big in construction?

Next Post

3 Reasons to Practice Gratitude At Work — And How To Get Started

Next Post
3 Reasons to Practice Gratitude At Work — And How To Get Started

3 Reasons to Practice Gratitude At Work — And How To Get Started

Bitcoin Price Prediction: ETF Inflows Hit Historic Levels – How Soon can BTC Smash Through 0K?

Bitcoin Price Prediction: ETF Inflows Hit Historic Levels – How Soon can BTC Smash Through $150K?

May 27, 2025
Will the Jony Ive-Sam Altman show challenge Apple?

Will the Jony Ive-Sam Altman show challenge Apple?

May 22, 2025
India’s Crypto Sector Demands Review on 30% Tax as Trump Support Changes Tone: Report

India’s Crypto Sector Demands Review on 30% Tax as Trump Support Changes Tone: Report

May 27, 2025
Is AI taking over HR jobs? What 3 CEOs say about layoffs

Is AI taking over HR jobs? What 3 CEOs say about layoffs

May 21, 2025
Germany’s Merz backs Ukraine’s long-range missile strikes on Russia

Germany’s Merz backs Ukraine’s long-range missile strikes on Russia

May 26, 2025
Tax Fraud Blotter: Wholesale fraud

Tax Fraud Blotter: Wholesale fraud

May 27, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Temu’s Chinese owner sees profits plunge as tariff war bites

Temu’s Chinese owner sees profits plunge as tariff war bites

May 28, 2025
Donald Trump offers Canada free ‘Golden Dome’ protection if it gives up sovereignty

Donald Trump offers Canada free ‘Golden Dome’ protection if it gives up sovereignty

May 28, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!