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UPDATE: UAW, GM Reach Tentative Labor Deal
General Motors Co. and the United Auto Workers union have reached a possible deal on a new four-year labor contract covering some 48,000 of the union’s hourly workers in the U.S.
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General Motors Co. and the United Auto Workers union have reached a possible deal on a new four-year labor contract covering some 48,000 hourly workers in the U.S.
Neither party has offered details about the tentative accord. The pact will be reviewed on Thursday by the union’s GM Council, which must approve the agreement before it goes to UAW members for a vote.
The council also will decide whether to end the strike against GM facilities in the U.S. that the union began on Sept. 16. The walkout has cost GM roughly $100 million per day, or about $2 billion to date, in lost earnings.
The main issues in this year’s negotiations have been support for existing GM plants, the path to fulltime employment for temporary hires and the amount of healthcare costs shouldered by workers.
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