Current:Home > NewsThe UAW reaches a tentative deal with GM, the last holdout of Detroit's Big 3 -FundConnect
The UAW reaches a tentative deal with GM, the last holdout of Detroit's Big 3
View
Date:2025-04-27 12:31:48
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! (8)
Related
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- After finishing last at Masters, Tiger Woods looks ahead to three remaining majors
- Revenge's Emily VanCamp and Josh Bowman Welcome Baby No. 2
- US judge tosses out lawsuits against Libyan commander accused of war crimes
- Small twin
- Chase Elliott triumphs at Texas, snaps 42-race winless streak in NASCAR Cup Series
- 'Horrific': 7-year-old killed, several injured after shooting in Chicago, police say
- Mega Millions winning numbers for April 12, with $125 million jackpot at stake
- The company planning a successor to Concorde makes its first supersonic test
- Kobe Bryant’s Daughter Natalia Details How Parents Made Her a Taylor Swift Fan
Ranking
- The White House is cracking down on overdraft fees
- How Apple Music prepares for releases like Taylor Swift's 'The Tortured Poets Department'
- Man falls to death at oceanfront hotel trying to escape sixth-floor shooting, police say
- 'The Sympathizer' review: Even Robert Downey Jr. can't make the HBO show make sense
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Jackie Robinson Day 2024: Cardinals' young Black players are continuing a St. Louis legacy
- Another suspect charged in 2023 quadruple homicide in northern Mississippi
- How big is the Masters purse, and how much prize money does the winner get?
Recommendation
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Wife of ex-Harvard morgue manager pleads guilty to transporting stolen human remains
Jill Duggar Dillard, Derick Dillard reveal stillbirth of daughter Isla Marie in emotional post
Here's what time taxes are due on April 15
What do we know about the mysterious drones reported flying over New Jersey?
Megan Fox Dishes Out Advice for Single Women on Their Summer Goals
Keanu Reeves, girlfriend Alexandra Grant walk 2024 MOCA Gala red carpet: See the photos
Roberto Cavalli, Italian fashion designer known for his sexy style, dies at 83