UPDATE: Volkswagen Chattanooga has proposed their "final offer" to the United Auto Workers Local 42 after nearly a year of bargaining.

Here are the highlights:

20% wage increase over 4 years

$4,000 ratification bonus

$1,500 rapid resolution bonus if the contract is ratified by Friday, Oct. 31

Cost-of-living allowance (COLA) (capped at $0.45)

8% bonus percentage paid annually for everyone who meets attendance bonus requirements

As well as profit sharing if VW Passenger Cars exceeds 4% return on sales

The union was elected in April 2024, and bargaining kicked off in September 2024, according to a Volkswagen official.

"After nearly a year of ongoing negotiations with the United Auto Workers, Volkswagen has presented a final contract offer that reflects our deep commitment to our em

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