UAW Is Said to Seek Record Signing Bonus of as Much as $10,000
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The United Auto Workers, bargaining a new contract with U.S. automakers, is seeking a signing bonus of as much as $10,000, more than three times higher than the payment workers received for endorsing the current accord, according to four people familiar with the proposal.
UAW bargainers are seeking the increased signing bonus and new work in U.S. factories in exchange for not increasing fixed labor costs at General Motors Co., Ford Motor Co. and Chrysler Group LLC. Union negotiators have proposed a signing bonus of $8,000 to $10,000 for each member, said the people, who asked not to be identified revealing internal discussions.