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For retirees, GM has agreed to make five payments of $500 to current retirees and surviving spouses, the first such payments in over 15 years. Like the other two, the GM deal includes a right to ...
Currently, GM contributes 4% of a nonunion salaried employee's eligible pay to their 401(k). GM then matches employee contributions up to 4% beyond that amount. The match will increase 2%, meaning ...
GM employs 200 union-represented salaried employees. Stellantis, which owns Chrysler, Dodge, Jeep, Ram and Fiat, employs 2,500 union-represented employees. Ford employs 271 union-represented ...
UAW has asked for an immediate 20 percent raise and yearly gradual increases totaling an hourly pay increase of 46 percent, the restoration of traditional pension payment plans and retiree health care, a four-day workweek, job protections, and a beneficial transition to electric vehicles. [28]
Membership topped 1.5 million in 1979, falling to 540,000 in 2006. With the late-2000s recession and automotive industry crisis of 2008–10, GM and Chrysler filed for Chapter 11 reorganization. Membership fell to 390,000 active members in 2010, with more than 600,000 retired members covered by pension and medical care plans. [citation needed]
On May 27, 2009, the U.S. Treasury advanced a secured loan of US$360.6 million to GM, and GM issued a note to the Treasury for US$360.6 million, plus $24.1 million USD as additional compensation for the warranty advance, pursuant to the terms of the Warranty Agreement dated December 31, 2008, between GM and the U.S. Treasury. The loan funded a ...
According to a UAW leader, GM and the union expect to have details and dates this month for the first phase of a special retirement program. Letter indicates GM and UAW closing in on dates for ...
1199SEIU United Healthcare Workers East is a healthcare union in the United States, with a membership of 400,000, including retirees. It is a local union within the Service Employees International Union. It is a former local of 1199: The National Health Care Workers' Union.