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Fiat Chrysler Is Said to Be Near UAW Deal With $9,000 Bonuses

Nov. 29, 2019, 7:11 PM

Fiat Chrysler Automobiles NV and the United Auto Workers are finalizing a tentative agreement on a new labor contract that could be announced as soon as Saturday, according to people familiar with the matter.

The carmaker and union are close to reaching a deal that includes $9,000 signing bonuses, matching what Ford Motor Co. agreed to pay senior workers, said the people, who asked not to be identified because discussions are still ongoing. The union secured $11,000 ratification bonuses from General Motors Co. following a 40-day strike that ended last month.

Fiat Chrysler has agreed not to close assembly plants...

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