The United Auto Workers and General Motors have agreed to a four-year contract to end workers' six-week strike, UAW announced Friday.
The two parties reached a tentative contract last week, and as of Friday at 4 p.m., 57 percent of UAW members voted to approve it. The contract includes a benefits package, "annual lump-sum bonuses," and an additional $11,000 ratification bonus for all full-time members working at GM.
In the negotiations, GM also agreed to reduce the number of hours it takes for workers to reach a $32-per-hour wage. Temporary workers will get $4,500 ratification bonuses, and 900 of them will become full employees in January. Despite those gains, UAW said under the contract, it will not block GM's plans to close four plants across the U.S.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
More than 50,000 GM workers nationwide had been strike since mid-September. They will now report to work as soon as this weekend, at GM's request. UAW says it now intends to bargain with Ford, as it had put negotiations with the company on hold as it focused on GM.
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
