Friday, September 16, 2011

News Alert: U.A.W. Announces Tentative Agreement with G.M.

Breaking News Alert
The New York Times
Friday, September 16, 2011 -- 11:44 PM EDT
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U.A.W. Announces Tentative Agreement with G.M.

The United Automobile Workers union and General Motors said late Friday that they had reached a tentative agreement on a new labor contract.

The union declined to give out details of the deal, which covers 48,500 workers, but said that it included "improved profit-sharing" benefits and "significant improvements to health care benefits." The deal also was expected to include so-called signing bonuses worth at least several thousand dollars and a modest wage increase for entry-level workers, who have been earning about half as much as other workers.

The U.A.W., in a statement, said that it had successfully fought G.M.'s proposals to weaken workers' retirement benefits and "major concessions" to health care benefits. "In both pensions and health care, the U.A.W. was able to convince G.M. that far greater success could be achieved working together than by cutting pensions or health care," the statement said.

Negotiations with Chrysler and the Ford Motor Company are continuing.

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