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Biden to Commemorate Historic Union Deal with UAW President, Highlighting Reopening of Stellantis Plant and Thousands of New Jobs

Unprecedented Deal Sees 5,000 New U.S. Jobs, $4.7 Billion Investment in New Factories, and Over 30% Wage Increase For Auto Workers by 2028

Overview

  • President Biden will meet with United Auto Workers (UAW) President Shawn Fain in Illinois to celebrate a historic agreement between UAW and major automakers like Stellantis, Ford and General Motors.
  • The deal, described as an unprecedented milestone, includes the creation of 5,000 new U.S. jobs and a $4.7 Billion investment in new factories by 2028.
  • As part of the deal, Stellantis will reopen its assembly plant in Belvidere, Illinois, and build a new $3.2 billion battery plant, adding up to 5,000 U.S jobs in total by 2028.
  • The agreement also comprises a significant wage increase for auto workers, with a 25% pay raise over the life of their contracts. Including cost-of-living adjustments and compounded impacts, the total wage increase will exceed 30%.
  • Biden's visit to Illinois and his meeting with UAW representatives underline his commitment to supporting working families and creating well-paying union jobs.