Current:Home > StocksThe UAW reaches a tentative deal with GM, the last holdout of Detroit's Big 3 -Visionary Wealth Guides
The UAW reaches a tentative deal with GM, the last holdout of Detroit's Big 3
View
Date:2025-04-16 16:11:12
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! (4956)
Related
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Winter Running Gear Must-Haves for When It's Too Damn Cold Out
- Select EVs kicked off tax credit list in 2024 will be discounted $7,500 by General Motors
- Georgia state senator joins Republican congressional race for seat opened by Ferguson’s retirement
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Some workers get hurt on the job more than others — here's who and why
- Longest NFL playoff drought: These teams have longest run of missing postseason party
- Taiwan reports China sent 4 suspected spy balloons over the island, some near key air force base
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Gypsy Rose Blanchard is free from prison. Now she's everywhere.
Ranking
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Man accused of stealing airplane at North Las Vegas Airport, flying to California: Reports
- Kelly Clarkson Shares Insight Into Her Health and Weight-Loss Journey
- They're ready to shake paws: Meet the Lancashire heeler, American Kennel Club's newest dog breed
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Speaker Johnson leads House GOP on a trip to a Texas border city as Ukraine aid hangs in the balance
- New Mexico considers setback requirements for oil wells near schools and day care centers
- South Korean political opposition leader Lee Jae-myung stabbed in neck in Busan
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
There's no place like the silver screen: The Wizard of Oz celebrates 85th anniversary with limited run in select U.S. theaters
'Golden Bachelor' runner-up Leslie Fhima spent birthday in hospital for unexpected surgery
Want to stress less in 2024? A new book offers '5 resets' to tame toxic stress
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
NATO to help buy 1,000 Patriot missiles to defend allies as Russia ramps up air assault on Ukraine
Judge Orders Jail Time For Prominent Everglades Scientist
First U.S. execution by nitrogen gas would cause painful and humiliating death, U.N. experts warn