General Motors and the United Auto Workers union have reached a tentative contract agreement that could end a six-week-old strike against Detroit automakers. The agreement includes significant pay raises and cost of living adjustments.
DETROIT — General Motors and the United Auto Workers union have reached a tentative contract agreement that could end a six-week-old strike against Detroit automakers, a person briefed on the deal said Monday.The deals will last four years and eight months and include 25% general pay raises and cost of living adjustments . Combined they bring the wage increase to over 30% over the life of the contract.
Spring Hill produces the engines for vehicles assembled at nine plants as far afield as Mexico, including Silverado and Sierra pickups. It’s a big money maker for GM that amplifies the company’s financial pain after workers walked off the job last week in Arlington, Texas, where full-size SUVs including the Tahoe and Suburban are produced. Vehicles assembled at the Spring Hill plant now joining the strike include the electric Cadillac Lyriq, GMC Acadia and Cadillac crossover SUVs.
The Ford and Stellantis pacts, which would run until April 30, 2028, include 25% in general wage increases for top assembly plant workers, with 11% coming once the deal is ratified.The Ford agreement revives cost-of-living adjustments that the UAW agreed to suspend in 2009 during the Great Recession.
General Motors UAW Contract Agreement Strike Pay Raises Cost Of Living Adjustments Detroit Automakers
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