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Compensation and Benefits

Fiat Chrysler-UAW New Proposed Contract Boosts Pay, Bonuses

Fiat Chrysler Automobiles is offering to boost the ratification bonus for veteran U.S. workers and providing a way for those receiving second-tier wages to gain equal pay under a new proposed four-year contract with United Auto Workers, the union said. Veteran workers would get a $4,000 bonus if the deal is approved, up from $3,000 under the earlier accord that was rejected almost 2-to-1, according to a UAW summary of the new agreement. Second-tier workers would be brought up to the hourly wage rate of the veteran members after eight years of service. Entry-level workers now earn as much as $19.28 an hour, compared to the veteran rate of about $28, and would have seen their wages rise to...