UAW Strikes Conclude with Historic Agreements, Ending Auto Industry Standoff

The United Auto Workers (UAW) has ended its historic six-week strike after reaching tentative labor agreements with all three major automakers in Detroit. The UAW reached a deal with General Motors (GM) that includes a 25% wage increase over four-and-a-half years, cost of living adjustments, and the removal of employees from the two-tier wage system. The agreement also brings GM's manufacturing subsidiary and battery joint venture under the UAW national contract. The GM deal follows similar agreements reached with Ford and Stellantis. President Biden praised the agreements and the power of unions, while experts noted the UAW's successful strategy of negotiating and striking simultaneously with all three automakers. The strike caused significant losses for the Big 3 and led to layoffs at auto supplier companies.