GM sweetens UAW offer to include 20% wage increase, other benefits as it tries to avoid strike
Publishing timestamp: 2023-09-14 18:25:18
Summary
General Motors has offered the United Auto Workers union a new deal that includes pay increases, more vacation days, and better benefits for retirees. However, the offer falls short of the union's demands, and targeted strikes may occur if labor deals are not reached by the deadline. Ford Motor and Stellantis are also involved in the negotiations.
Sentiment: MIXED
Tickers: F, STLA, GM, STLAM-IT,
Keywords: stellantis nv, ford motor co, labor economy, mary barra, detroit, general motors co, autos, business news, business, transportation, breaking news: business, personnel,
Source: https://www.cnbc.com/2023/09/14/uaw-strike-gm-sweetens-wage-and-benefits-offer-to-workers.html