Current:Home > NewsThe UAW reaches a tentative deal with GM, the last holdout of Detroit's Big 3 -WealthMindset
The UAW reaches a tentative deal with GM, the last holdout of Detroit's Big 3
View
Date:2025-04-14 16:57:29
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! (56725)
Related
- Intel's stock did something it hasn't done since 2022
- What to watch: Workin' on our Night moves
- 3 brought to hospital after stabbing and shooting at Las Vegas casino
- Third set of remains found with gunshot wound in search for 1921 Tulsa Race Massacre graves
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Albuquerque police commander fired, 7th officer resigns in scandal involving drunken driving unit
- When does Katie Ledecky swim next? Details on her quest for gold in 800 freestyle final
- After Navajo Nation Condemns Uranium Hauling on Its Lands, Arizona Governor Negotiates a Pause
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Pregnant Cardi B Asks Offset for Child Support for Baby No. 3 Amid Divorce
Ranking
- In ‘Nickel Boys,’ striving for a new way to see
- Olympics 2024: Pole Vaulter Anthony Ammirati's Manhood Knocks Him Out of Competition
- Would your cat survive the 'Quiet Place'? Felines hilariously fail viral challenge
- Iran says a short-range projectile killed Hamas’ Haniyeh and reiterates vows of retaliation
- North Carolina justices rule for restaurants in COVID
- Katie Ledecky makes Olympic history again, winning 800m freestyle gold for fourth time
- Screw the monarchy: Why 'House of the Dragon' should take this revolutionary twist
- Favre challenges a judge’s order that blocked his lead attorney in Mississippi welfare lawsuit
Recommendation
The Super Bowl could end in a 'three
U.S. defense secretary rejects plea deal for 9/11 mastermind, puts death penalty back on table
Angelina Jolie Accuses Brad Pitt of Attempting to Silence Her With NDA
Zac Efron Hospitalized After Swimming Pool Incident in Ibiza
Meet first time Grammy nominee Charley Crockett
Is Sha'Carri Richardson running today? Olympics track and field schedule, times for Aug. 3
Olympic Athletes' Surprising Day Jobs, From Birthday Party Clown to Engineer
Megan Thee Stallion hits back at Kamala Harris rally performance critics: 'Fake Mad'