General Motors and the United Auto Workers (UAW) union have reached tentative contract agreement, two sources familiar with the matter told Reuters, effectively ending the first simultaneous strike against the Detroit Three automakers with record wage and benefit...
General Motors and the United Auto Workers union have reached tentative contract agreement, two sources familiar with the matter told Reuters, effectively ending the first simultaneous strike against the Detroit Three automakers with record wage and benefit hikes. Details of the agreement with GM, which was the last holdout of the Detroit Three, were not immediately available.
Nearly 50,000 workers out of nearly 150,000 union members at the Detroit Three eventually joined a series of walkouts that began on Sept. 15. The UAW's strategy of escalating, targeted strikes cost the Detroit Three and suppliers billions of dollars over more than 40 days. At about 5 PM ET on Saturday, UAW workers at the Spring Hill complex began walking off the job, even as UAW President Shawn Fain and the UAW's top negotiator at Stellantis, Rich Boyer, were preparing to announce terms of the contract at the Chrysler parent.
For the first time, the UAW bargained with all three automakers at the same time, using the threat of strikes at key factories to accelerate a bidding war among the companies to avoid a new walkout.
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