Fiat Chrysler avoids strike with new tentative contract

Fiat Chrysler has avoided an expensive strike at its U.S. plants after reaching a tentative agreement with the United Auto Workers union.

The union announced the agreement just after 11:59 p.m. Wednesday, which was the deadline the union had set to reach a new deal or possibly go on strike. The two sides negotiated the deal late until the night.

Details of the agreement weren't immediately released. Local union leaders will vote on the tentative agreement this Friday at a meeting in Detroit.

This is the second agreement FCA and the union have reached. Last week, UAW members overwhelmingly rejected a previous tentative agreement, saying it didn't go far enough in restoring benefits workers lost in previous contracts.

The UAW represents around 40,000 FCA factory workers at 23 U.S. plants, including more than 7,000 in Kokomo.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.