GM union workers ratify UAW deal following contentious vote
Publishing timestamp: 2023-11-16 11:51:23
Summary
General Motors union workers have ratified a record deal with the United Auto Workers after a contentious voting process. The majority of GM's large assembly plants rejected the pact, but support from smaller facilities and other assembly plants helped secure the deal. The UAW deal includes pay increases and job security measures, but some workers expressed dissatisfaction with certain aspects. Voting on similar contracts at Ford and Stellantis is ongoing. The contracts represent increased labor costs for the companies, but they are expected to seek offsets through other means.
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Tickers: STLA, F, STLAM-IT, GM,
Keywords: ford motor co, stellantis nv, general motors co, autos, breaking news: business, business, transportation, business news, detroit, labor economy, personnel,
Source: https://www.cnbc.com/2023/11/16/gm-union-workers-ratify-uaw-deal-following-contentious-vote.html