The United Auto Workers union wrung higher pay and other benefits from General M...
- The United Auto Workers union wrung higher pay and other benefits from General Motors Co as part of a tentative deal to end a month-long U.S. strike by about 48,000 workers, the union disclosed on Thursday.
Striking United Auto Workers members rally in front of General Motors World headquarters in Detroit, Michigan, U.S., October 17, 2019. REUTERS/Rebecca Cook UAW officials and striking workers on the picket lines had said their focus in the dispute with GM was on jobs, pay equity and fairness for workers who made concessions in 2009 to help GM through its government-led bankruptcy. They also wanted to save factories in Ohio and Michigan GM had threatened to close.
This year’s talks - also occurring with Ford Motor Co and Fiat Chrysler Automobiles - have been overshadowed by a widening federal investigation into corruption at the union. The following is a timeline of events leading up to the tentative agreement, which still must be approved by the workers:GM announced the No. 1 U.S. automaker’s biggest restructuring since its 2009 bankruptcy, putting five North American plants on notice for potential closure and saying it would cut nearly 15,000 jobs.U.S. President Donald Trump demanded that GM save the Lordstown, Ohio, assembly plant that was targeted.
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Timeline: GM reaches tentative labor deal with UAW union to end strikeGeneral Motors Co and the United Auto Workers union have reached a tentative agr...
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GM, UAW agree on tentative labor contract in deal that could end strikeThe union’s roughly 48,000 members with GM are expected to receive raises and bonuses as part of the accord. While the tentative agreement could end the strike against GM, negotiators aren’t likely breathing sighs of relief just yet.
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GM, UAW strike deal: Tentative agreement reached on new contract
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What to watch today: Dow to fall slightly, GM-UAW deal near and WeWork cash-strappedU.S. stock futures are pointing to a lower open, following gains in four of the past five days that have lifted the Dow, S&P 500 and Nasdaq to their highest levels since Sept. 19.
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