Mexican Media Brands
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.
#labor #workforcedevelopment
Share
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.
RELATED CONTENT
-
Labor: A Study of the Automotive Industry's Scarce Resource (PART 1 OF 3)
The shift is on to using lighter materials for the vehicles at Ford, with aluminum being an important aspect of this shift. Here's what's happening.
-
Cheerio Car Shows (?)
While there is all manner of consternation regarding Brexit in the U.K. and the E.U.—the issue of the Brits departing from the European Union—there is an exit of another sort that could conceivably be telling—a small clue, mind you, but a clue nonetheless—about the future of the automobile in the U.K.
-
What Suppliers Need to Know Right Now
This is a time of reckoning for the auto industry, says Paul Eichenberg. He has some recommendations as to how companies can make their way through it.