Rivian Reportedly Struck A 'Secret' Deal With UAW That Also Helped It Secure $6.6 Billion Loan From Department Of Energy

Quick Summary:

What Happened: This "secret" agreement would see Rivian remain neutral towards unionization efforts at its Illinois plant if the company achieves certain financial milestones, including profitability, according to a report by Bloomberg, citing sources familiar with the matter.

Electric vehicle manufacturer Rivian Automotive Inc.(NASDAQ:RIVN) has reportedly struck a confidential deal with the United Auto Workers (UAW) union.

This “secret” deal could smooth the path for the UAW to represent Rivian’s workers, potentially giving them a greater voice in areas like pay and working conditions.

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Article Details

Author / Journalist: Rounak Jain

Category: Technology

Markets: United StatesGeorgia

Topics: Benzinga neuro Benzinga News RIVN Tech Mobility Electric vehicles United Auto Workers EVs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-21 @ 05:22:29 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 427 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24573120

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