The deal follows the pattern set with Ford last week and Jeep maker Stellantis over the weekend.
David Barger stands with other workers near the General Motors plant in Spring Hill, Tenn., after United Auto Workers Local 1853 announced a strike after 44 days of negotiations with GM, Sunday, Oct. 29, 2023. DETROIT — The United Auto Workers announced Monday that it reached a tentative deal with General Motors, capping a whirlwind few days in which GM, Ford and Stellantis agreed to generous terms that would end the union’s six weeks of targeted strikes, pending approval of the rank and file.
Fain said the agreements are large enough for the UAW to use them to recruit new members at nonunion factories owned by Tesla, Toyota and others. It came during a furious few days of agreements that still need to be ratified by 146,000 UAW members at all three companies. Union members could still vote down the deals, and there is some sentiment for holding out to get more. But the contracts seem likely to bring labor peace to the domestic auto industry.
Huerta said Monday that it’s been a tough few nights on the picket lines with dropping temperatures and rain. “We were ready to continue if we needed to,” he said. “And if we do turn it down, we’ll be ready to go back again.” A study this month by Moody’s Investors Service found that annual labor costs could rise by $1.1 billion for Stellantis, $1.2 billion for GM and $1.4 billion for Ford in the final year of the contract. The study assumed a 20% increase in hourly labor costs.
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UAW and General Motors reach tentative agreement: ReportZachary Halaschak is an economics reporter at the Washington Examiner. Before moving to Washington, he worked in Alaska, covering politics, government, and crime for the Ketchikan Daily News. While there, Zach won the Alaska Press Club’s second-place award for best reporting on crime or courts for his coverage of a local surgeon’s alleged murder.
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General Motors reaches tentative agreement with UAW, potentially ending 6-week strikeMontgomery, Alabama
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