United Auto Workers ratifies new General Motors contract
The United Auto Workers ratified the first new collective bargaining agreement with General Motors after 2009′s managed bankruptcy kept the automaker alive. The deal is good for four years.
The Detroit News reports:
General Motors Co. rank-and-file approved the automaker’s proposed four-year contract with the United Auto Workers by a 2-to-1 majority, the union said Wednesday.
In the final tally, 65 percent of production workers and 63 percent of skilled trade workers voted in favor of the deal, ratifying a tentative agreement struck two weeks ago by GM and UAW bargainers. The new contract becomes effective immediately.
“The UAW and GM entered into this set of bargaining as America struggles with record levels of unemployment and an economy that shows little sign of improvement,” said UAW President Bob King in a statement released Wednesday morning.
In all, 48,500 workers from 81 locals got a chance to vote on the contract, which along with providing new jobs and more work for UAW members, boosts the entry-level pay by about $3 an hour, offers $75,000 buyouts for skilled trade workers, and includes a $5,000 signing bonus — to be paid out Oct. 14. Workers also will get a $1,000 “inflation protection” lump sum for the next three years of the agreement.
Negotiations continue on a new contract with Chrysler and Ford.