UAW, GM sign tentative deal that will end strike if workers ratify it

10/31/23
 
   < < Go Back
 
from The Washington Post,
10/30/23:

The United Auto Workers has reached a tentative contract deal with the last of the Big Three automakers, General Motors, bringing the industry close to ending a historic six-week strike that has rattled the economy and brought record gains for workers.

The GM contract, and two similar tentative deals with Ford and Stellantis, must be ratified by a majority of UAW workers, but they appear poised to end the union’s first simultaneous strike against all three companies.

The agreements mark the biggest compensation gains the union has won in decades, including a 25 percent raise in base wages over 4½ years, the UAW said in a Monday statement. GM chief executive Mary Barra welcomed the deal and said the company is “looking forward to having everyone back to work.” Workers at all three companies are suspending their strikes and returning to their jobs while they organize ratification votes.

President Biden confirmed and welcomed the GM-UAW deal Monday afternoon, saying he’d just discussed it with UAW President Shawn Fain.

More From The Washington Post (subscription required):