40-day GM strike ends with new labor contract
General Motors workers and supporters in Bowling Green, Kentucky on Sept. 20. Photo: Reuters/Bryan Woolston/File Photo
Where it stands: UAW secured "annual lump-sum bonuses" or raises plus $11,000 ratification bonuses, per CNBC, and said it would not block GMs' plans to close four facilities across the U.S. GM committed to adding thousands of new jobs and said it would decrease the number of years required for workers to earn more than $32 an hour. Some of the union’s 48,000 members employed at GM are expected to return to work as soon as Saturday.
What they're saying: “We delivered a contract that recognizes our employees for the important contributions they make to the overall success of the company, with a strong wage and benefit package and additional investment and job growth in our U.S. operations,” said Mary Barra, GM chair and CEO.