NBC News and Automotive News are reporting on Monday morning that the United Auto Workers and General Motors have reached a tentative agreement on a new contract. The deal still needs to be approved by local UAW leaders and then ratified by simple majority of the 46,000 union-represented workers at General Motors.
The UAW reached an agreement with Ford last week and Stellantis on Saturday afternoon. The auto workers union had ratcheted up the stand up strike another notch against GM on Saturday evening by announcing 3,900 workers at GM’s Spring Hill facility in Tennessee would be walking off the job. The previous target of the UAW was GM’s Arlington, Texas plant which employs 5,000 workers.
Details of the deal are light, but it appears to be similar to the framework that was worked out by Ford with union members getting an initial 11% raise which would go to 25% over the course of the contract. It also reinstates cost-of-living adjustments, allows workers to reach the top wages in three years instead of eight, and protects workers right to strike over plant closures.
GM said the strike was costing the automaker $200 million per week.
Source:
NBC News and AutoNews.com
Related:
News Reports Say UAW and GM are Inching Closer to a Tentative Deal
As the UAW’s Strike Hits Ford’s Kentucky Truck Plant, Corvette Assembly Workers Pledge Their Support
Corvette Assembly Plant’s Local UAW Votes Yes for Strike Authorization
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I don’t get raises like that yet my bills go up exponentially every year. I am having difficulty justifying buying any new car in today’s market. Glad to see that GM, Ford, Stellantis, Honda, and Porsche are walking away from EVs. Let these guys focus on affordable ICE vehicles for everyday Americans.
Great for union members – not so good for consumers. The cost of this contract will be built into the price of new cars raising it by another $800 or more. I hope GM removed the employee discount benefit so these workers can see the effect of their strike and pay the higher prices like the rest of us. I’m not against pay raises, but 25% in addition to cost of living is ridiculous. If you want to know why manufacturing has moved overseas, thank a UAW member.
In the 1930s, there was no OSHA – so unions were created. But work safety regulations in labor contracts today are redundant to OSHA regulations. The only thing left to debate is worker compensation. Give a socialist a little power and they’ll abuse it. UAW extortion has been a problem since the 1960s. Ridiculously overpaid, lousy management and boards at GM since the 1960s severely undermine their credibility and bargaining position. So, big problems on all sides. It amazes me that GM is still in business. Just because a strike gets settled is not a predictor of the long term viability of a company. C8 guys need GM and the dealerships to survive to maintain and service the cars. Fingers crossed, but that’s about it.
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