UAW President Rory Gamble (left) and US attorney Matthew Schneider announce a settlement agreement in Detroit on December 14, 2020 to end a year-long corruption investigation into the union.
Michael Wayland / CNBC
Stellantis, formerly Fiat Chrysler, has agreed to pay $ 30 million in a plea to settle a criminal investigation into collusion and bribery of union officials by former executives of the company’s North American operations.
The deal, announced Wednesday by the Detroit federal prosecutor, ends a multi-year federal investigation into Fiat Chrysler and the United Auto Workers union. Prosecutors announced a separate plea deal with the UAW last month.
It is currently unclear when Stellantis will pay the fine, as the deal is pending approval from the U.S. federal court.
Under the contract, the company agreed to plead guilty to a single conspiracy to violate the Labor Relations Act.
The agreement also stipulates that the company will commission an independent compliance monitor for three years. According to the company, this person will, among other things, monitor the dissolution of a training facility in the middle of the probe
The investigation has resulted in the convictions of 15 people, including two former UAW presidents, three Fiat Chrysler executives and a former General Motors board member who was a union leader. The prison terms for those involved ranged from 60 days to 6½ years. A handful of people are still waiting to be sentenced.
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