(C) Common Dreams
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GM Reaches Tentative Deal With UAW to End Six-Week Strike [1]
['David Welch']
Date: 2023-10-30
General Motors Co. reached a tentative contract agreement with the United Auto Workers union, according to people familiar with the matter, bringing an end to a six-week-old strike that had upended US automobile production and cost the industry billions of dollars.
The terms of the pact are broadly similar to the deals signed earlier by Ford Motor Co. and Stellantis NV, including a 25% hourly pay raise plus cost-of-living allowances over the more-than-four-year contract, according to the people, who weren’t authorized to speak publicly. While the economic terms are similar to those reached by GM’s rivals, it wasn’t immediately clear if there were differences in terms including in retiree benefits, which has been a sticking point, according to the people.
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[1] Url:
https://www.bloomberg.com/news/articles/2023-10-30/gm-reaches-tentative-agreement-with-uaw-ending-six-week-strike#xj4y7vzkg
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