Fiat Chrysler, UAW extend contract by the hour

Posted at 7:11 AM, Sep 15, 2015
and last updated 2015-09-15 08:11:10-04

Contract talks between Fiat Chrysler and the United Auto Workers union are continuing after both sides extended their current contract on an hour-by-hour basis.

The contract officially expired at midnight Monday. Shortly after that, FCA and the UAW said they would extend it while they continue negotiating a new four-year agreement.

Ford and General Motors have extended their contracts with the UAW indefinitely.

The UAW picked Fiat Chrysler as its target company in the contract talks. That means a deal with FCA could set a general pattern for contracts at General Motors and Ford. FCA could also be hit with a strike if negotiations stall.

All three companies officially kicked off bargaining for new four-year contracts in July. The contracts cover around 140,000 U.S. factory workers.