UAW and General Motors Reach Tentative Deal to End Strike

Via CNBC

The United Auto Workers’ month long strike may be coming to an end.  The UAW and GM’s tentative deal was reached this morning. It is expected that roughly 48,000 Union members are to receive raises and bonuses.

GM looks to also invest at least $7 billion to $7.7 billion in its manufacturing operations and add thousands of new hourly union jobs within the next four years. Also based on a previous proposal, the company also previously agreed to maintain its health insurance, which is considered “gold standard” and requires employees to cover roughly 3% of the total costs.

“The number one priority of the national negotiation team has been to secure a strong and fair contract that our members deserve,” UAW Vice President Terry Dittes, director of the UAW GM department, said in a statement. The UAW’s national negotiating team is recommending that union members take the deal.

The deal looks to be a few weeks away from being finalized and the details of the deal “will be provided at the appropriate time.”

 

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