GM Reaches Tentative Agreement With UAW to Add Union Jobs
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General Motors Co. and the United Auto Workers reached a tentative agreement on a four-year labor contract that improves profit sharing and will create jobs, the company and the union said in separate statements.
The accord goes to 48,500 GM hourly workers for a ratification vote in the next seven to 10 days, GM said. The union typically uses the first accord to set a pattern for pay and benefits for the other two U.S. automakers. UAW negotiators will seek a deal with Chrysler Group LLC next and then go to Ford Motor Co., three people familiar with the talks have said.