The tentative agreement reportedly includes a general wage increase of 25% over four years and cost-of-living adjustments.
This is a developing news story... Check back for updates... The United Auto Workers on Monday secured a tentative agreement with General Motors that reportedly includes a 25% general wage increase over the life of the four-and-a-half-year contract as well as cost-of-living adjustments. According to Bloomberg, the UAW's agreement with GM has similar economic terms as the historic tentative deal the union reached with Ford last week and a subsequent agreement with Stellantis over the weekend.
All three of the tentative agreements include 25% wage boosts, nearly three times the size of the 9% raises that GM and Ford offered when contract negotiations began in July. Stellantis initially offered union members a 14.5% raise. The UAW originally demanded 46% wage increases, citing the automakers' massive profits over the past 10 years and surging CEO pay. Under the Ford and Stellantis deals, many workers would see raises well beyond 25% due to cost-of-living increases.
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