UAW Makes New Proposal to GM as Sides Bargain to End Strike
- Automaker is said to prepare counteroffer Thursday or Friday
- Union’s offer is similar to tentative deal reached with Ford
Ford agreed to a record 25% hourly wage hike over the life of the contract, which exceeds four years.
Photographer: Emily Elconin/BloombergThis article is for subscribers only.
The United Auto Workers union offered a new contract proposal to General Motors Co. similar to the tentative agreement signed with Ford Motor Co., according to people familiar with the matter, in the latest bid to end a six-week-old strike.
UAW President Shawn Fain spoke face-to-face Thursday morning with GM Chief Executive Officer Mary Barra in a meeting that lasted several hours, said the people, who asked not to be identified discussing the non-public details. There is no tentative agreement yet, but the sides are close on many key issues, the people said.