Nora Eckert of The Wall Street Journal tells her readers that in an unusual deal, automakers have agreed to pay striking workers $100 dollars a day on the picket lines. She writes:
Ford Motor, General Motors, and Chrysler-parent Stellantis agreed to pay striking workers for their time on the picket lines, as part of new labor deals reached late last month with the United Auto Workers to end the union’s walkout.
The move is an unusual one in the union’s history of negotiating with the car companies, according to people familiar with the talks.
UAW workers who walked the picket lines at the three companies are expected to receive on average slightly more than $100 a day for the time they were out on strike, the people said. This amount is on top of the $500 a weekthat the UAW has paid picketing workers out of its own strike fund.
More than 45,000 workers in total went on strike over roughly six weeks, although certain locations were out longer than others.
Unionized employees at the Detroit automakers who were temporarily laid off as a result of the strike are also expected to receive similar payment from the companies. […]
The strike has also taken a financial toll on the other two car companies, with GM projecting last week it would dent its bottom line by at least $800 million. That figure had not factored in two walkouts called later at two large plants in Texas and Tennessee.
Stellantis said this week the strike had cost it under $800 million in profit.
Read more here.