Volkswagen officials on Wednesday made an offer to the United Auto Workers that includes a 14% pay raise for the automaker’s Chattanooga plant employees over four years, along with profit-sharing and improved health care benefits.
“We have made the UAW a compelling economic offer that makes our great Chattanooga jobs even better,” Gerrit Spengler, interim chief executive and chief human resources officer of Volkswagen Group of America, said in a statement.
Profit-sharing for Volkswagen Chattanooga workers would be a first since the plant opened in 2011, according to the company.
“Volkswagen has been at the bargaining table working quickly and tirelessly with the UAW to reach a strong first contract,” Spengler said. “Working collaboratively with unions and taking care of our people are deeply anchored in the Volkswagen DNA.”