UAW deal with GM to end strike includes pay raises, but three plants would close

This post was originally published on this site

https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEF9G1OP_L.jpg
© Reuters. Striking United Auto Workers (UAW) members rally in front of General Motors World headquarters in Detroit© Reuters. Striking United Auto Workers (UAW) members rally in front of General Motors World headquarters in Detroit

By Paul Lienert and Joseph White

DETROIT (Reuters) – The United Auto Workers union wrung higher pay and better coverage for temporary workers from General Motors Co (N:) as part of its tentative deal to end a month-long U.S. strike, but the deal would also allow the automaker to move forward with closing three plants, the union said on Thursday.

The highlights of the agreement were released by the UAW after the union’s national council, representing GM plants across the United States, reviewed the terms of the four-year deal. It will now be up to the 48,000 workers to ratify the deal.

It was not immediately clear whether the workers would end their strike at that point or stay on the picket lines while the voting occurs – a process that could last up to two weeks.

The strike began on Sept. 16, with UAW negotiators seeking higher pay for workers, greater job security, a bigger share of profit and protection of healthcare benefits. Other issues included the fate of plants GM has indicated it may close, and the use of temporary workers.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.