قالب وردپرس درنا توس
Home / Business / What to expect from the tentative agreement that could end the GM strike

What to expect from the tentative agreement that could end the GM strike



United Auto Workers announced a potential strike-ending tentative deal with General Motors on Wednesday, and although the exact content is unknown, it is expected to address some of the key issues that caused auto workers to quit their job more than a month ago .

The preliminary agreement is expected to satisfy carmakers concerned about GM's plan to idle the Detroit-Hamtramck assembly plant in Michigan by placing production of an electric truck there. Meanwhile, the fate of the closed facility in Lordstown, Ohio, is unknown.

Ticker Security Last Change Change%
GM GENERAL MOTORS COMPANY 36.65 +0.39 + 1
.08%

Agreements is also expected to create a way for temporary workers to become permanent employees after three years of continuous service in the company. The number of temps at GM's salary level fluctuates, but they typically make up around 7% of the employee per hour.

In addition, it is expected that GM agreed to support itself in getting workers to pay for a larger share of their health insurance costs. GM autoworkers are responsible for an extremely low cut in health insurance costs – 3%. GM wanted to increase that share to 15%, which is basically half the amount the average American worker pays, but GM employees did not have it.

Picketing United Auto Workers Richard Rivera, left, and Robin Pinkney responded to news of a tentative deal with General Motors, in Langhorne, Pa., Wednesday, October 16, 2019. (AP Photo / Matt Rourke)

GMs Mexico production was another breakthrough in the negotiations. The company's decision to open and invest in facilities in Mexico while closing others in the United States is a sticking point for many UAW members on strike.

The company is the largest car employer in Mexico, now home to assembly plants for brands including Ford, Toyota and Honda.

Picketing United Auto Workers Richard Rivera, left, and Will Myatt respond to news of a tentative deal with General Motors, in Langhorne, Pa., Wednesday, October 16, 2019. (AP Photo / Matt Rourke)

CLICK HERE TO READ MORE ON FOX BUSINESS

Local UAW chapter leaders and UAW GM National Council are expected to vote on the tentative agreement on Thursday. If they approve the agreement, it will be up to rating members to ratify it. UAW members remain on strike while awaiting the results of Thursday's vote.

FOX Business & # 39; Grady Trimble contributed to this report.

GET FOX BUSINESS QUESTIONS Clicking Here [19659027]
Source link