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GM Reaches Tentative Deal With UAW

GM Reaches Tentative Deal With UAW
United Auto Workers President Shawn Fain, left, greets UAW members as they strike the General Motors Lansing Delta Assembly Plant on Sept. 29, 2023 in Lansing, Michigan. (Bill Pugliano/Getty Images)

Monday, 30 October 2023 09:45 AM EDT

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 hikes.

Details of the agreement with GM, which was the last holdout of the Detroit Three, were not immediately available.

The accord follows deals reached in the last few days by the union with Ford Motor and Chrysler owner Stellantis in what experts say stand as significant victories for auto laborers after years of stagnant wages and painful concessions made by the union following the 2008 financial crisis.

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.

The GM workers will return to work after an official announcement of the agreement, two sources said.

A GM spokesperson declined comment.

Talks at GM stalled Saturday because of issues such as pension and how fast temporary workers would get permanent work, sources have said.

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.

The three tentative deals are a win for the precedent-breaking strategy that Fain and top union officials orchestrated to achieve their goal of securing record-setting pay and benefit gains.

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.

Fain kept most UAW members working in order to hoard strike funds. He expanded the strike slowly, when he decided that progress in talks had stalled.

Fain repeatedly accused the Detroit Three automakers of enriching executives and investors, while neglecting workers and said the UAW's success would help blue collar workers throughout the country.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
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...
gm, uaw, strike, agreement
361
2023-45-30
Monday, 30 October 2023 09:45 AM
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