General Motors (GM.N) and the United Auto Workers (UAW) union have reached tentative contract agreement, two sources familiar with the matter told Reuters, effectively ending the first simultaneous strike against the Detroit Three automakers with record wage and benefit hikes.
The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook//and the United Auto Workers union have reached tentative contract agreement, two sources familiar with the matter told Reuters, effectively ending the first simultaneous strike against the Detroit Three automakers with record wage and benefit hikes.
Nearly 50,000 workers out of nearly 150,000 union members at the Detroit Three eventually joined a series of walkouts that began on Sept. 15. The UAW's strategy of escalating, targeted strikes cost the Detroit Three and suppliers billions of dollars over more than 40 days.Talks at GM stalled Saturday because of issues such as pension and how fast temporary workers would get permanent work, sources have said.
The three tentative deals are a win for the precedent-breaking strategy that Fain and top union officials orchestrated to achieve their goal of securing record-setting pay and benefit gains. Fain kept most UAW members working in order to hoard strike funds. He expanded the strike slowly, when he decided that progress in talks had stalled.
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