Steel Markets
Tentative Agreement Reached By UAW and GM
Written by Sandy Williams
October 26, 2015
The UAW and General Motors reached a proposed Tentative Agreement at 11:43 p.m. Sunday, avoiding a strike deadline of 11:59 p.m.
“We believe that this agreement will present stable long-term significant wage gains and job security commitments to UAW members now and in the future,” said UAW President Dennis Williams. “We look forward to presenting the details of these gains to local union leaders and the membership.”
Details of the agreement will be made available on Wednesday following a vote by the UAW National GM Council. The new four year agreement is expected to be similar to the one ratified by FCA workers last Thursday, doing away with the two-tier wage system and providing improved wages, bonuses and profit sharing.
UAW Vice President Cindy Estrada called the agreement transformative. “The significant gains in this agreement are structured in a way that will provide certainty to our members and create a clear path for all GM employees now and in the future. The agreement not only rewards UAW-GM members for their accomplishments, but it protects them with significant job security commitments.”
“The new UAW-GM national agreement is good for employees and the business,” said Cathy Clegg, GM North America Manufacturing and Labor Relations vice president. “Working with our UAW partners, we developed constructive solutions that benefit employees and provide flexibility for the company to respond to the needs of the marketplace.”
UAW and Ford will wind up the 2015 contract negotiations following ratification of the GM agreement.
Sandy Williams
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