With workers ready to take to the street, Fiat Chrysler managed to hammer out a second tentative contract settlement with the United Auto Workers Union just minutes before the midnight deadline on Wednesday.
Negotiators from both sides faced pressure to come up with a better deal than the one originally delivered last month but then rejected by a nearly two-to-one margin in a vote by FCA’s 40,000 U.S. hourly workers. Neither side was willing to discuss details of the new agreement ahead of a Friday morning meeting of UAW leaders.
“FCA US confirms that it has reached a new tentative agreement with the UAW,” read a statement issued by the automaker minutes after the 11:59 pm deadline. “Because the agreement is subject to UAW member ratification, the Company cannot discuss the specifics of the agreement pending a vote by UAW members.”