"UAW and GM Reach Tentative Deal to End Strike, Pending Worker Ratification"

1 min read
Source: The Washington Post
"UAW and GM Reach Tentative Deal to End Strike, Pending Worker Ratification"
Photo: The Washington Post
TL;DR Summary

The United Auto Workers (UAW) has reached a tentative contract deal with General Motors (GM), the last of the Big Three automakers, potentially ending a six-week strike. The deal, which follows similar agreements with Ford and Stellantis, includes significant gains for workers, such as a 25% raise in base wages over 4½ years. The contracts also restore certain perks and eliminate wage tiers. The GM deal still needs to be ratified by UAW workers, but President Biden has expressed support for the agreement. The strike has had a significant impact on the economy, with billions of dollars in costs for the automakers and temporary layoffs for nonstriking workers.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

5 min

vs 6 min read

Condensed

90%

1,033108 words

Want the full story? Read the original article

Read on The Washington Post