Transportation
GM Reaches Tentative Deal With UAW to End Six-Week Strike
- Terms are broadly similar to those agreed to earlier by Ford
- GM had been holdout after two rivals reached tentative deals
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General Motors Co. reached a tentative contract agreement with the United Auto Workers union, bringing an end to a six-week-old strike that had upended US automobile production and cost the industry billions of dollars.
The pact includes a 25% hourly pay raise plus cost-of-living allowances through April 2028, the union said Monday in a statement that confirmed an earlier Bloomberg report. The agreement removes several wage tiers and brings additional workers into the master agreement, including those at the Ultium Cells venture making electric-vehicle batteries.