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UAW reaches agreement with General Motors to end Detroit Three strike
UAW reaches agreement with General Motors to end Detroit Three strike
News from this site on October 31, according to Reuters, General Motors and the United Auto Workers (UAW) have reached a tentative agreement, ending a six-week coordinated strike movement. The strike Brings record pay raise to workers of Detroit Three.
The agreement, which comes after the UAW struck deals with Ford Motor and Stellantis, is a major victory for autoworkers who have endured years of wage stagnation and the 2008 financial crisis. After finally succeeding
UAW Chairman Shawn Fain said in a video speech: "We wholeheartedly believe that our strike squeezed every penny out of General Motors." " They underestimated us. They underestimated you."
The union officially suspends its strike against the Detroit Three. UAW local leaders will arrive in Detroit on Friday to consider a deal with General Motors and then present the terms to all union workers for approval.
GM CEO Mary Barra said she expects employees across all business units to return to work
GM has offered much the same benefits as the other two automakers. Salary increase plan: The salary of veterans will increase by 33%, and retirees will be paid $2,500 in five installments before 2028 (notes on this site: currently about 18,300 yuan).
Meanwhile, some workers at GM’s parts operations will see their wages increase by as much as 89%. The contract also limits the use of low-wage temporary workers, Fein said: "We have closed the door to cheap temporary workers at General Motors."
Sources said the pension benefits are between the UAW and A sticking point in the negotiations is that GM has more retirees than both Ford and Stellantis.
The union's strike on Saturday at a key GM engine plant in Spring Hill, Tenn., "dealt a fatal blow to the deal," Fein said.
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