Current:Home > StocksThe UAW reaches a tentative deal with GM, the last holdout of Detroit's Big 3 -EverVision Finance
The UAW reaches a tentative deal with GM, the last holdout of Detroit's Big 3
View
Date:2025-04-12 15:51:36
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! (5464)
Related
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Recount will decide if conservative US Rep. Bob Good loses primary to Trump-backed challenger
- Lou Dobbs, conservative pundit and longtime cable TV host for Fox Business and CNN, dies at 78
- How many points did Bronny James score tonight? Lakers Summer League box score
- DoorDash steps up driver ID checks after traffic safety complaints
- Here's who bought the record-setting Apex Stegosaurus for $45 million
- Former DWAC CEO lied about merger talks with Trump Media, SEC lawsuit alleges
- Chris Hemsworth Shares Family Photo With “Gorgeous” Wife Elsa Pataky and Their 3 Kids
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Another Texas migrant aid group asks a judge to push back on investigation by Republican AG
Ranking
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Michael Strahan’s Daughter Isabella Strahan Celebrates Being Cancer-Free
- Christian homeless shelter challenges Washington state law prohibiting anti-LGBTQ+ hiring practices
- Bud Light slips again, falling behind Modelo and Michelob Ultra after boycott
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Travel Influencer Aanvi Kamdar Dead at 27 After Falling 300 Feet Into Gorge
- Some GOP voters welcome Trump’s somewhat softened tone at Republican National Convention
- Man gets 3 years in death of fiancée who went missing in Ohio in 2011
Recommendation
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
For Catholic pilgrims, all roads lead to Indy for an old-style devotion in modern stadium setting
Darden Restaurants, owner of Olive Garden, to acquire Tex-Mex chain Chuy's for $605 million
How is Scott Stapp preparing for Creed's reunion tour? Sleep, exercise and honey
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Chris Hemsworth Shares Family Photo With “Gorgeous” Wife Elsa Pataky and Their 3 Kids
Ashlyn Harris Shares Insight Into “Really Hard” Divorce From Ali Krieger
Funds to Help Low-Income Families With Summer Electric Bills Are Stretched Thin