GM and UAW Reach a Tentative Deal to End Auto Workers Strike

GM (GM) has reportedly reached a tentative deal with the United Auto Workers (UAW), joining its rivals Ford (F) and Stellantis (STLA) in coming one step closer to putting behind an acrimonious labor dispute that has shut down key operations for over six weeks.

Details of GM’s tentative agreement were not available, but Bloomberg reports the particulars of the deal mirror those agreed to by Ford and Stellantis. To recap, Ford and Stellantis have agreed to pay union workers 25% wage increases, reinstate COLA (cost of living adjustment) benefits, institute a three-year wage progression to top pay, convert temporary employees to full time, and end wage tiers among other benefits. GM declined to comment on the deal at this time given the sensitive nature of the discussions.

GM’s talks with the UAW reportedly took longer than its rivals because of pension payment obligations and conversion of workers from temp to full time, though it appears those issues have been resolved. The UAW stepped up its strikes against GM over the weekend, calling a strike at GM’s Spring Hill plant in Tennessee, where the Cadillac XT5, the Cadillac XT6, the Cadillac Lyriq EV, and the GMC Acadia are assembled, in addition to engines for various Chevy, GMC, and Cadillac trucks.

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