GM-UAW deal in jeopardy as voting goes down to the wire
Publishing timestamp: 2023-11-15 12:45:47
Summary
The article discusses the voting process among United Auto Workers (UAW) members on a tentative deal with General Motors (GM) that ended a six-week labor strike. While the majority of UAW members at several major GM plants voted against the pact, the approval by a large SUV plant in Arlington, Texas, gave the deal a lifeline. The rejection of the deal would prolong negotiations between UAW and Detroit automakers. The article also mentions similar tentative agreements at Ford Motor and Stellantis, which have received higher voter approvals. If the GM deal is voted down, UAW leaders will need to decide how to proceed, including the possibility of strikes or reopening negotiations.
Sentiment: NEUTRAL
Tickers: STLAM-IT, STLA, F, GM,
Keywords: personnel, stellantis nv, business news, ford motor co, business, breaking news: business, general motors co, autos, transportation, labor economy, detroit,
Source: https://www.cnbc.com/2023/11/15/uaw-gm-deal-union-workers-voting.html