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Stock impact report

UAW makes history ratifying deal at Volkswagen Chattanooga plant [USA TODAY]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: USA TODAY
After a decade of organizing, the UAW has ratified a contract in Chattanooga. The contract improves upon Volkswagen's "last, best and final" offer made in October. Now that the contract is ratified, each worker will get a $6,550 bonus. The third time was the charm in Tennessee. The United Auto Workers have officially won in Chattanooga, Tennessee, after attempting to organize the southern Volkswagen plant for over a decade, failing twice before. The union makes history with the vote; the plant is the first ever major automotive plant in the American South to unionize, according to reporting by Detroit Free Press, part of the USA TODAY Network. By a 96% margin, workers at the Volkswagen Chattanooga Assembly Plant ratified the tentative agreement reached after 18 months of negotiations, making the contract official. The agreement was announced on Feb. 4, and Volkswagen employees spent the last two days voting in person on the deal. The deal improves upon Volkswagen's "las Show less Read more
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