GM Matches Ford's Wage Hike in Bid to End UAW Strike
TL;DR Summary
General Motors (GM) has raised its offer to striking auto workers, matching Ford's proposed 23% wage hike and other benefit improvements. The offer represents a 25% compounded wage rise over the life of the agreement, with a 10% hike in the first year. The strike, which began on September 15, involves more than 34,000 union members at the three automakers. The latest offer from GM shows the Detroit automakers converging on similar offers that would raise hourly pay for UAW workers by around 30% over the life of the deal.
- GM matches Ford's wage hike to UAW in bid to end U.S. auto strike Reuters
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- GM Believes It Met Its Commitment To Provide Historic Wage Improvement GM Authority
- UAW strike: GM says it can't meet demands without 'devastating' effect Detroit Free Press
- GM passes new offer to UAW, bumps wage increases to 25% compounded Detroit News
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