General Motors Reaches Tentative Contract Agreement with United Auto Workers, Set to End 6-Week Strike
Deal provides 25% general pay raises and cost of living adjustments over four years and eight months, leading to over 30% increase in wages; GM was the last among Detroit Three to strike a deal and it faces significant financial pressure with 18,000 workers on strike.
- The United Auto Workers union and General Motors have reached a tentative contract agreement potentially ending a six-week strike.
- The agreement is similar to those reached with Ford and Stellantis with contracts lasting four years and eight months, featuring 25% general pay raises and cost of living adjustments. This leads to over 30% wage increase over the life of the contract.
- GM was the last automaker among the Detroit Three to negotiate, facing significant financial pressure with 18,000 workers on strike.
- Nearly 4,000 unionized workers walked out of GM's largest North American plant, joining about 14,000 GM workers already striking at factories in Texas, Michigan and Missouri.
- Starting wages for new hires will see a 67% increase due to cost-of-living adjustments, and it will take just three years for new workers to reach the top of the assembly pay scale.
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