United Auto Workers and GM reach tentative deal to end monthlong strike

The monthlong General Motors strike may be coming to an end in a matter of days, thanks to a tentative deal that was just struck.

The United Auto Workers, the labor union that organized a General Motors strike of almost 50,000 workers that has been ongoing since mid-September, announced Wednesday it has reached a tentative agreement with the company, HuffPost reports. This agreement now needs to be approved by a union council, which will meet Thursday, and then ratified in a vote.

No details about the tentative deal have been released yet, but The Associated Press reports it's "likely to include some pay raises, lump sum payments to workers, and requirements that GM build new vehicles in U.S. factories." Union officials, CNN reports, will decide at Thursday's meeting whether the strike should remain ongoing until the ratification vote.

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The United Auto Workers last month said it was asking General Motors for more affordable health care, fair wages, and profit sharing. The nationwide strike came after a four-year contract expired between General Motors and UAW, with the failure to reach a new agreement leading to the union's first national strike since 2007, and General Motors' longest since 1970, The Wall Street Journal reports. The strike is expected to cost General Motors around $1.5 billion.