Author Topic: GM and auto workers union announce deal following 5-week strike  (Read 154 times)

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Offline mystery-ak

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GM and auto workers union announce deal following 5-week strike
« on: October 16, 2019, 12:52:47 PM »
GM and auto workers union announce deal following 5-week strike
by Sean Higgins
 | October 16, 2019 11:59 AM

General Motors Co. and the United Auto Workers announced they had reached a deal Wednesday to end their five-week strike. The walkout was the longest and costliest labor battle the auto industry had seen in decades, costing GM an estimated $2 billion.

"The number one priority of the national negotiation team has been to secure a strong and fair contract that our members deserve,” said UAW Vice President Terry Dittes said in a statement. "Out of respect for our members, we will refrain from commenting on the details until the UAW GM leaders gather together and receive all details."

The union's estimated 48,000 GM workers walked out on Sept. 16, seeking better pay, more profit-sharing, assurances that the company would not close down certain factories, and an end to a multiple-tier pay system that separated newer hires from longtime workers. New hires at GM currently make only about half as much as longtime workers doing the same job. The union had agreed to this system a decade ago following serious financial troubles for the automaker.

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https://www.washingtonexaminer.com/policy/economy/gm-and-auto-workers-union-announce-deal-following-5-week-strike
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Offline IsailedawayfromFR

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Re: GM and auto workers union announce deal following 5-week strike
« Reply #1 on: October 26, 2019, 11:43:59 PM »
Translation of settlement:

Higher price for cars with questionable increase in quality if old factories remain open.
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