{"id":7126,"date":"2023-10-30T14:13:18","date_gmt":"2023-10-30T14:13:18","guid":{"rendered":"https:\/\/infundpros.com\/business\/gm-and-the-uaw-come-to-tentative-agreement\/"},"modified":"2023-10-30T14:13:18","modified_gmt":"2023-10-30T14:13:18","slug":"gm-and-the-uaw-come-to-tentative-agreement","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=7126","title":{"rendered":"GM and the UAW come to tentative agreement"},"content":{"rendered":"
\n

\n General Motors and the United Auto Workers union have come to a tentative agreement, according to a source familiar with the negotiations, just two days after the union expanded the strike at America\u2019s largest automaker.\n <\/p>\n

\n Neither the union nor GM would confirm the tentative deal. But this could bring an end to the union\u2019s unprecedented strike against all three of the nation\u2019s unionized automakers.\n <\/p>\n

\n Terms of the deal are not yet known, but it is expected to be along the lines of the deals already announced at Ford and Stellantis, including an immediate 11% raise in the top hourly wage rate, additional pay hikes totaling another 14% during the four-and-a-half years of the contract, as well as a return of the cost-of-living adjustment meant to protect workers from rising prices.\n <\/p>\n

\n The union went on strike against all three automakers on September 15, making this the longest US auto strike in 25 years. It started with a strike at one assembly plant at each company, but it expanded the scope of the strike six times since then in an effort to step up pressure on the companies at the bargaining table.\n <\/p>\n

\n The union announced its first deal, with Ford, this past Wednesday, and then announced a deal with Stellantis on Saturday night. But it failed to reach a deal with GM at that time, despite indications the two were close to a deal. Instead it expanded the strike to a fourth assembly plant, this one in Spring Hill Tennessee, as nearly 4,000 UAW members joined the strike at that time.\n <\/p>\n

\n All three tentative deals will need to be ratified by rank-and-file members before they take effect. And it is possible that members at one or more companies could vote down the tentative deal, leading to a resumption of the strike at that company.\n <\/p>\n

\n There are a total of more than 18,000 UAW members at GM now on strike, though they could be returning to work within days. The 16,600 strikers at Ford have already returned to work, and more than 14,000 Stellantis strikers are in the process of returning to work.\n <\/p>\n

\n This is a breaking news story. It will be updated.<\/em>\n <\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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