Current:Home > ScamsThe UAW reaches a tentative deal with GM, the last holdout of Detroit's Big 3 -Core Financial Strategies
The UAW reaches a tentative deal with GM, the last holdout of Detroit's Big 3
View
Date:2025-04-18 21:37:05
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! (3)
Related
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Biden admin mulling nationwide TikTok ban if Chinese parent company doesn't divest
- QVC Hosts Carolyn Gracie and Dan Hughes Exit Shopping Network After 19-Plus Years
- Chrishell Stause Praises Amazing Mom Heather Rae El Moussa After Baby Tristan's Birth
- Retirement planning: 3 crucial moves everyone should make before 2025
- Kandi Burruss Explains How the Drama on SWV & Xscape Differs From Real Housewives
- Hayden Panettiere Shares Why She's Looking Forward to Discussing Her Struggles With Daughter Kaya
- The Bachelor Sneak Peek: Gabi Worries She Might Be Too Much For Zach
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Climate change time bomb requires quantum leap in action by all countries now, U.N. warns
Ranking
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- American held hostage since 2016 in West Africa released
- Denmark invites Russian energy giant to help recover mystery object found near Nord Stream pipeline hit by sabotage
- See How Tom Sandoval Reacted to Tom Schwartz's Previous Joke About Cast Throuple
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Why Tarek and Heather Rae El Moussa’s New Show is Not a Flip or Flop Redux
- Michelin-Starred Chef Curtis Stone Shares an Unexpected $4 Ingredient He Loves Cooking With
- History of the World, Part II: Ike Barinholtz Reveals Mel Brooks’ Advice on “Dirty Jokes”
Recommendation
Don't let hackers fool you with a 'scam
New genetic analysis finds clues to animal origin of COVID outbreak
Kim Kardashian Jokes That Son Saint Is “Not as Cute as I Thought” After He Pulled This Move
Uganda anti-LGBTQ bill that would impose death penalty for aggravated homosexuality draws condemnation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Going Camping for Spring Break? These Affordable Amazon Packing Essentials Will Make You One Happy Camper
You’ll Love Justin Timberlake’s Tribute to “Badass” Jessica Biel—This We Promise You
The Voice Preview: See Blake Shelton Hit His Buzzer for the Last Time on Season 23