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In GM's last public offer to the UAW, it offered 9.5% contribution to the UAW members' 401(k) plans. It is not yet confirmed if that came up to 10% in GM's tentative agreement with the UAW.
The Detroit Free Press has learned more details on when GM and the UAW will start the first phase of the $50,000 retirement buyout program. Here is when to expect GM's $50,000 buyout program for ...
Reports suggest veteran GM UAW members were concerned that newer workers are getting more money and better retirement benefits than older workers. Other workers were unhappy about the lack of a ...
The contract between the UAW and General Motors expired September 14, and the strike began at 11:59 p.m. on September 15, 2019. A two-day difference between contract expiration and the beginning of a strike is unusually short, [4] but likely motivated by the prolonged negotiations between management and the union.
Since the 1950s, UAW has faced declining union membership and a growing service sector, reducing the economic impact that a strike could have. [15] In 2019, UAW autoworkers went on strike against General Motors. The 40-day work stoppage cost General Motors US$3.6 billion and caused a single-quarter recession in Michigan. [16]
In November, the UAW ratified the new labor agreement with GM after a 55% to 45% vote in favor of the deal. The new contract, which runs through April 2028, guaranteed workers a 25% increase to ...
UAW Local 14 President Tony Totty, who represents the workforce at GM's Toledo Propulsion Systems plant, estimates about 200 of the 1,500 people there want to retire.
GM has reportedly reached a tentative deal with the United Auto Workers (UAW), joining its rivals Ford and Stellantis in coming one step closer to putting an acrimonious labor dispute that has ...