After a drawn-out strike, GM makes a deal with UAW, ending the conflict

Economics
Webp barra
Mary Barra, Chair and Chief Executive Officer of General motors | gm.com

After similar deals made by auto giants Ford and Stellantis, General Motors finally likewise writes a deal with the United Auto Workers union. 

According to BBC, General Motors (GM) has struck a deal with the United Auto Workers (UAW) union to end a six-week strike in the US. The strike, which began in September, involved 45,000 workers and was the first strike to include all three major automakers at once.

The strike was a response to issues with GM, Ford, and Stellantis, with the United Auto Workers union seeking better pay, days off, cost of living adjustments, and fair treatment for temporary workers. The strike also aimed to address broader issues of economic justice and the power of the billionaire class.

The deal reached between GM and the UAW includes a 25% increase in pay over a four-year period for workers, as well as changes that will make it easier for temporary staff to transition to full-time positions. These contracts will have a significant impact on the lowest-paid workers, with pay increases of over 150%.

GM CEO Mary Barra expressed satisfaction with the agreement, stating, "GM is pleased to have reached a tentative agreement with the UAW that reflects the contributions of the team while enabling us to continue to invest in our future and provide good jobs in the US."

The United Auto Workers union has announced that workers will return to their jobs once the deals are finalized with all three automakers. This marks the end of a lengthy strike that has had negative ripple effects on dealers, suppliers, and communities that rely on the auto industry.

The resolution of the strike with GM, along with the previous agreements made by Ford and Stellantis, brings relief to the auto industry and paves the way for stability and continued investment in the future.