Current:Home > InvestThe UAW reaches a tentative deal with GM, the last holdout of Detroit's Big 3 -TradeWise
The UAW reaches a tentative deal with GM, the last holdout of Detroit's Big 3
SafeX Pro View
Date:2025-04-10 23:17:55
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! (96654)
Related
- In ‘Nickel Boys,’ striving for a new way to see
- Vance backs Trump’s support for a presidential ‘say’ on Federal Reserve’s interest rate policy
- Jets shoot down Haason Reddick's trade request amid star pass rusher's holdout
- CAS won't reconsider ruling that effectively stripped Jordan Chiles of bronze medal
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Plan approved by North Carolina panel to meet prisoner reentry goals
- New York’s Green Amendment Would Be ‘Toothless’ if a Lawsuit Is Tossed Against the Seneca Meadows Landfill for Allegedly Emitting Noxious Odors
- Starbucks replaces its CEO, names Chipotle chief to head the company
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- NFL preseason winners, losers: Caleb Williams, rookie QBs sizzle in debuts
Ranking
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- RHONY's Pigeon-Themed Season 15 Trailer Will Have Bravo Fans Squawking
- Charli XCX and The 1975's George Daniel Pack on the PDA During Rare Outing
- Sur La Table Flash Sale: $430 Le Creuset Dutch Oven For $278 & More 65% Off Kitchen Deals Starting at $7
- Former Syrian official arrested in California who oversaw prison charged with torture
- Fall in Love with Disney X Kate Spade’s Lady and the Tramp Collection: Fetch Deals Starting at Just $29
- Chicago-area school worker who stole chicken wings during pandemic gets 9 years: Reports
- Nick Jonas Is Shook After Daughter Malti Marie Learns This Phrase
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Red Sox suspend Jarren Duran for two games for directing homophobic slur at fan
Watch as mischievous bear breaks into classroom and nearly steals the teacher's lunch
Get 1000s of Old Navy Deals Under $25, 72% Off T3 Hair Tools, 70% Off Michael Kors & More Discounts
In ‘Nickel Boys,’ striving for a new way to see
RHONY's Pigeon-Themed Season 15 Trailer Will Have Bravo Fans Squawking
As Olympic flag lands in Los Angeles, pressure turns up for 2028 Summer Games
All-Star, Olympian Dearica Hamby files federal lawsuit against WNBA, Las Vegas Aces