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Posts tagged as “Dodge”

UAW and GM Reach Tentative Agreement to End Six-Week Strike

After six weeks of striking, the United Auto Workers (UAW) and General Motors (GM) have reached a tentative agreement on a new labor contract, featuring a 25% wage increase across a four-and-a-half year deal with cost of living adjustments. The agreement still needs ratification from the union's national council and a majority of members, and if approved, employees will return to work at some point in November. The strike has cost GM an estimated $2 billion in lost profits and has affected more than 50,000 workers.