GM & UAW Reach An Agreement Over Labor Contracts

[William Maley]

GM & UAW Reach An Agreement Over Labor Contracts

William Maley - Editor/Reporter - CheersandGears.com

September 19, 2011

This morning, General Motors and the United Auto Workers announced they have reached a tentative four-year labor agreement. The agreement, which will effect about 48,500 GM employees in the US, will begin to be to ratify over the next seven to ten days.

GM is being mum on the details on the contract, but The Detroit News and Automotive News has uncovered some parts of the contract. The contract gives a $5000 signing bonus to eligible UAW-represented GM employees. Also, the contract raises the pay of entry-level workers by $2 to $3 more per hour, and more experienced Tier 2 employees will see their pay raise by $16 and $19 per hour.

The UAW also reportedly scored an extension of profit-sharing agreements, rehire laid-off workers, transfer jobs from overseas back to the U.S., and give buyout offers to skilled trade workers.

GM reportedly agreed to agreed to restart production at Spring Hill, Tennessee, and to start assembly of new products at factories in Romulus, Michigan; Wayne, Michigan; and Wentzville, Missouri.

“This contract will get our members who have been laid off back to work, will create new jobs in our communities and will bring work back to the United States from other countries,” UAW president Bob King said in a statement.

Source: Automotive News (Subscription Required), The Detroit News

[A Horse With No Name]

Glad to see GM workers back to work...

[Northstar]

That's absurd. $5000 signing bonus?

GM will be broke again in 15 years if this crap continues.

[67impss]

I was wondering how soon this kind of stuff would end up in the contracts again

[CSpec]

It's a real shame the UAW wasn't smashed in the bankruptcy.