) (FCAU.N), one of the top three auto makers in Detroit, is looking to retool the compensation systems completely, the WSJ reported. (on.wsj.com/1HApJ4o)
According to a study of 2014 labor costs by the Center for Automotive Research, Fiat had a much higher percentage of lower-paid, entry-level workers as compared to General Motors (GM.N) and Ford (F.N). Fiat’s U.S. workers hourly labor costs averaged $48 per hour as compared to Ford Motor Co’s $57 and GM’s $58.
UAW’s current contracts expire on Sept. 14. The talks will focus on narrowing the gap between veteran workers, who make about $28 an hour, and employees hired since 2011 with a “second tier” hourly wage of $16 to $19.
Ford, Fiat Chrysler and General Motors could not be reached for comment outside regular business hours.
(Reporting by Ankush Sharma in Bengaluru- Editing by Gopakumar Warrier)
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