General Motors has reached tentative deal with United Auto Workers to end their strike.
Mary Kathryn Burke, Victor Ordonez and Max ZahnGeneral Motors has reached a tentative deal with United Auto Workers to end their strike, GM and the union confirmed Monday.The tentative agreements, which must be ratified by union members at each of the respective carmakers, could end the strike against the Big 3 that began last month. The at-times contentious work stoppage thrust UAW President Shawn Fain into the national spotlight and drew support from President Joe Biden.
"Like the agreements with Ford and Stellantis, the GM agreement has turned record profits into a record contract," the union added. Speaking at the White House on Monday, meanwhile, President Joe Biden hailed the recent contract agreements at the Big 3 as "historic." GM, Ford and Stellantis faced pressure to reach a deal as financial losses piled up amid the strike. As of last week, the strike had cost the auto industry an estimated $9.3 billion, according to aIn a live-streamed address on Facebook on Sunday, Fain said the recent contract agreements would fuel the UAW's wider ambitions to organize non-union carmakers, including Tesla, Honda and Toyota.
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