Labor Strikes End as Automakers and UAW Reach Agreements, Securing Investments and Bonuses

General Motors (GM) has reached a tentative agreement with the United Auto Workers (UAW), ending the six-week-long labor strikes at Detroit automakers. This deal follows similar agreements reached by Ford and Chrysler-parent Stellantis. The proposed agreements include significant wage increases, improved benefits, and enhanced job security. The deals must still be ratified by union members. The strikes have cost the automakers billions of dollars in lost production. The UAW took a more confrontational approach during negotiations, breaking from its usual practice of bargaining with each automaker individually. The exact impact on labor costs for the companies is yet to be determined.