GM and UAW Reach Tentative Agreement to End Strike: Reports

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Source: Fox Business
GM and UAW Reach Tentative Agreement to End Strike: Reports
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TL;DR Summary

General Motors (GM) and the United Auto Workers (UAW) union have reportedly reached a tentative labor agreement, potentially ending the six-week strike against the automaker. This follows similar agreements reached with Ford and Stellantis. The deals include significant pay raises and cost of living adjustments, bringing the wage increase to over 30% over the contract's duration. The UAW initially sought higher pay raises and other benefits, while the automakers offered lower raises. The strike, which began on September 15, involved about 45,000 union autoworkers across the three companies.

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