General Motors Co and the United Auto Workers union have reached a tentative dea...
) and the United Auto Workers union have reached a tentative deal for a new four-year labor deal, moving the sides closer to ending the month-long strike that had drawn the attention of U.S. President Donald Trump and potential Democratic rivals in the 2020 presidential election.
The deal is subject to approval by the union’s national GM council during its meeting on Thursday and then must still be ratified by the wider membership, the UAW said in a statement. The strike continues at least until Thursday’s meeting. “The number one priority of the national negotiation team has been to secure a strong and fair contract that our members deserve,” UAW Vice President Terry Dittes, director of the union’s GM department, said in a statement. He said the union would not release details of the agreement until after the Thursday meeting.Shares of GM were up 2.1% at $37.03 on Wednesday afternoon.
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