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1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

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Current price of oil as of June 23, 2026
SuccessUAW

Auto workers got another big concession from their successful six-week strike: $100 in back pay for each day they walked off the job

By
Gabrielle Coppola
Gabrielle Coppola
and
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Gabrielle Coppola
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November 3, 2023, 6:16 PM ET
Workers picket outside of the Ford Assembly plant.
Workers picket outside of the Ford Assembly plant.Scott Olson/Getty Images
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General Motors, Ford and Stellantis have agreed to pay a portion of the wages employees lost during the United Auto Workers’ historic six-week strike, according to a person familiar with the matter.

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The more than 45,000 workers who eventually walked out of the three Detroit automakers’ plants, along with thousands of employees who were laid off as a result, will each receive about $100 for every day they were out of work during the strike, said the person, who declined to be identified discussing nonpublic information.

The back pay is a novel contract feature and another example of the UAW’s unprecedented gains stemming from the walkouts, which also included record wage increases and the right to strike over future plant closures. 

The Wall Street Journal first reported details of the pay for picketing workers. 

The union’s roughly 150,000 automotive members will be voting on the tentative agreements at the three companies over the next two weeks. 

The UAW is discussing future organizing drives at several nonunion automakers across the country, efforts that could be pursued after the Detroit contracts are ratified, the person said.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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