Current:Home > ScamsThe UAW reaches a tentative deal with GM, the last holdout of Detroit's Big 3 -Wealth Evolution Experts
The UAW reaches a tentative deal with GM, the last holdout of Detroit's Big 3
View
Date:2025-04-15 19:30:19
The United Auto Workers union has reached a tentative contract agreement with General Motors, according to sources close to the negotiations on Monday.
The deals mean all three of the Detroit automakers have now clinched an agreement over the past week to bring a historic six-week strike to a close.
The tentative deals with GM, Stellantis and Ford still need to be individually ratified by the union's membership at those companies, and workers have the ability to send their representatives back to the bargaining table.
The details of the GM deal have not been released, but it's expected to closely mirror the tentative agreements with Ford and Stellantis, the parent company of Chrysler.
Those deals called for a pay increase of at least 25% for all workers, cost of living increases on top of that, and increases to retirement contributions. The Stellantis deal also included the reopening of an idled plant in Belvidere, Illinois, a major union priority.
GM was the remaining Big 3 holdout
General Motors, the last holdout among the Big Three automakers, was under intense pressure to strike a deal.
The union had clinched a deal with Ford on Wednesday and then sealed an agreement with Stellantis on Saturday.
But after failing to secure a deal with GM on Saturday, the UAW expanded its strike against the automaker, ordering workers to walk out at the Spring Hill plant in Tennessee, GM's largest facility in North America.
The plant also feeds engines to other plants, setting GM up for potentially very painful ripple effects if the shutdown had been prolonged.
The deals signal the potential end of a heated six-week strike that has pitted a union eager to claw back previous sacrifices against the "Big 3" U.S. automakers, which have been making record profits and are eying a tricky transition to electric vehicles. '
Still, there's no guarantees UAW workers will ratify the deals.
Just this month, the UAW announced a tentative deal with Mack Trucks — a manufacturer in the Volvo Group, and not part of the Big 3. But 73% of the membership rejected that contract, and the UAW and Mack Trucks are now back at the negotiating table.
veryGood! (2285)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Books on Main feels like you're reading inside a tree house in Wisconsin: See inside
- Q&A: The Latest in the Battle Over Plastic Bag Bans
- Prosecutors say US Army analyst accused of selling military secrets to China used crypto
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Program that allows 30,000 migrants from 4 countries into the US each month upheld by judge
- Patrick Mahomes sent a congratulatory text. That's the power of Xavier Worthy's combine run
- Ancestry reveals Taylor Swift is related to American poet Emily Dickinson
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Mexico-bound plane lands in LA in 4th emergency this week for United Airlines
Ranking
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- San Diego dentist fatally shot by disgruntled former patient, prosecutors say
- Government funding bill advances as Senate works to beat midnight shutdown deadline
- Biden signs a package of spending bills passed by Congress just hours before a shutdown deadline
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Meghan Markle Slams “Cruel” Bullying During Pregnancies With Her and Prince Harry’s Kids Archie and Lili
- Labor market tops expectations again: 275,000 jobs added in February
- Want to invest in Taylor Swift and Beyoncé? Now you can.
Recommendation
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Teen arrested after 4 children, 2 adults found dead at house in Canada: Tragic and complex investigation
What's going on with Ryan Garcia? Boxer's behavior leads to questions about April fight
Trump posts $91 million bond to appeal E. Jean Carroll defamation verdict
What do we know about the mysterious drones reported flying over New Jersey?
Texas wildfire relief and donations: Here's how (and how not) to help
Lawmakers hope bill package will ease Rhode Island’s housing crisis
Spanish utility Iberdrola offers to buy remaining shares to take 100% ownership of Avangrid