25% pay raise | Biden hails 'power of collective bargaining' as last-minute UAW & Daimler Truck deal averts strike

United Auto Workers (UAW) and Daimler Truck struck a tentative deal at the eleventh hour on Friday, including a minimum pay raise of 25% for represented workers over the next four years.

The agreement, reached late on Friday night, averted a possible strike for 7,300 workers that would have begun at midnight ET.

Shawn Fain, President of the UAW, said in a speech on Friday that members are set to benefit from a “record contract,” including guaranteed pay increases, protections against inflation, and a profit-sharing deal.

The deal covers roughly 7,400 hourly workers at Daimler Truck plants across the South, including facilities in North Carolina, Georgia, and Tennessee.