Wages and Benefits
In the past, Team Members could trust that Toyota would provide wages, benefits, and workplace standards that matched unionised auto plants. But over the past decade, management has not kept that commitment and even eroded aspects of employment Team Members never thought they would touch like repeatedly cutting the indexing of pension benefits, despite the company’s record profits.
More recently, Toyota has not kept pace with unionized auto workers’ overall financial improvements including wage increases and bonuses, pension and health benefits, and equity programs. From 2020-23, unionized autoworkers can expect to earn an estimated increase of $21,000 in direct wage increases and bonuses as well as enhanced health and dental benefits, a shorter wage grow-in and much more.
Wages and bonuses
Year 1 (2020-21):
- Productivity and Quality bonus of $7,250.
- Wage increase of 2.5% (estimated value of $1,850).
Year 2 (2021-22):
- Lump sum payment of 4% of previous earnings (estimated value of $3,000).
- Inflation protection bonus of $2,000.
Year 3 (2022-23):
- Wage increase of 2.5% (estimated value of $3,750).
- Inflation protection bonus of $2,000.
Total:
- Combined value of “new money” negotiated (e.g. wage increases, bonuses and lump sum payments): estimated $21,000.
Benefits
- Improved vision coverage, including for prescription lenses.
- Improved dental coverage.
- New glucose monitoring system coverage.
- Increases to annual orthodontics.
- Coverage for medical cannabis.
- Psychologist treatment benefits improved.
- Occupational therapy benefits for dependent children added.
- Dependent scholarship program expanded.
- Child care coverage expanded and increased.
- Group Life and Disability coverage improved.
Wage Progression
- Wage grid shortened from 10 years to 8 years.
- Base wage grid percentages improved at every step.
- Members will receive full base rate upon completion of 8th year of seniority.
- Members will begin accumulating Supplementary Unemployment Benefit credits after 3 years.
- Reinstated 5% afternoon and 10% midnight shift premiums.
- New hires eligible for the Legal Services Plan, upon completion of eighth year.
For complete details of contract improvements see the Ford bargaining summary, Chrysler bargaining summary, and General Motors summary.