United Auto Workers Union Ratifies Tentative Pact With General Motors
November 20 2015 - 7:06PM
Dow Jones News
By Christina Rogers
The United Auto Workers has ratified a tentative labor deal with
General Motors Co., freeing union leaders up to focus solely on a
Ford Motor Co. pact that is in danger of being rejected Friday.
A GM resolution, coming after two weeks of meetings with skilled
trades workers dissatisfied with the deal, solidifies a contract
with the No.1 U.S. auto maker that could lift hourly compensation
rates 10%, according to independent analysis published Friday.
GM and the UAW had drawn up an agreement in October that had
been approved by workers overall, but was rejected by
skilled-trades employees. UAW officials said they've held meetings
with skilled-trade workers and secured changes from GM that respond
to concerns.
In a statement, the UAW said it moved to ratify the contract
because a majority of GM's 52,700 U.S. hourly workers support the
deal and it believes it has addressed the outstanding issues with
skilled-trade employees.
Write to Christina Rogers at christina.rogers@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
November 20, 2015 18:51 ET (23:51 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
Ford Motor (NYSE:F)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ford Motor (NYSE:F)
Historical Stock Chart
From Apr 2023 to Apr 2024