Index Investing News
Friday, February 13, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

GM ratifies contract with auto workers union

by Index Investing News
November 17, 2023
in World
Reading Time: 4 mins read
A A
0
Home World
Share on FacebookShare on Twitter

Votes are still being cast at Ford and Stellantis plants, with the ballots expected to be counted by early next week.

DETROIT — United Auto Workers union members have voted to approve a new contract with General Motors, making the company the first Detroit automaker to get a ratified deal that could end a contentious labor dispute and a series of punishing strikes.

A vote-tracking spreadsheet on the union’s website shows that with all local union offices reporting, the contract passed by just over 3,400 votes, with 54.7% in favor. A union spokesman on Thursday confirmed that the spreadsheet had the official GM totals.

The outcome was closer than expected after the UAW’s celebrations of victories last month on many key demands that led to six weeks of targeted walkouts against GM, Ford and Stellantis, the maker of Jeep and Ram vehicles.

On Thursday the contract had a big lead in voting at Ford and Stellantis. Ratification was leading at Ford by more than 10,000 votes, with 66.7% of ballots in favor. At Stellantis, the lead was over 5,700, with 66.5% voting for the deal, according to the UAW website.

Voting continues at Ford through early Saturday with only two large factories in the Detroit area and some smaller facilities left to be counted. At Stellantis, three Detroit-area factories were the only large plants yet to vote, with tallies expected to be complete by Tuesday.

The three contracts, if approved by 146,000 union members, would dramatically raise pay for autoworkers, with increases and cost-of-living adjustments that would translate into a 33% wage gain. Top assembly plant workers would get immediate 11% raises and earn roughly $42 per hour when the contracts expire in April of 2028.

At GM, about 46,000 workers were eligible to vote on the deal, and about 36,000 cast ballots.

Of the four GM plants that went on strike, workers at only a large SUV factory in Arlington, Texas, approved the contract. Workers in Wentzville, Missouri; Lansing Delta Township, Michigan; and Spring Hill, Tennessee, voted it down. Workers said that longtime employees at GM were unhappy they didn’t get larger pay raises like newer workers, and they wanted a bigger pension increase.

“I’m not ungrateful, but I feel like it could have been better,” said Andrea Repasky, a body shop worker at GM’s pickup truck factory in Ft. Wayne, Indiana, who voted against the deal.

Repasky said she’s happy that temporary workers will be hired faster and won’t have to wait multiple years to reach the full assembly worker pay rate, now about $32 per hour. She’s also glad that workers at parts warehouses and component factories will get the top wage.

But she says she’ll get only $4 per hour more at ratification, and her pay will have gone up only $7 per hour since 2006 due to concessions made to help the company out of dire financial straits during the Great Recession. “I would have been happy if we would have gotten a bigger jump up front,” she said. “I just think in 17 years, $7 more is not too good of a deal.”

She also wanted to see larger pension increases as well as defined benefit pensions and health care in retirement for workers hired after 2007. With GM making healthy profits, she’s worried that the union may have missed the chance to get more because the company may not be doing as well in 2028.

Many newer hires wanted defined benefit pension plans instead of defined contribution plans. But the companies agreed to contribute 10% per year into 401(k) plans instead.

Keith Crowell, the local union president at GM’s Arlington plant, said the factory has a diverse group of workers from full- and part-time temporary hires to longtime assembly line employees. Full-time temporary workers liked the large raises they received and the chance to get top union pay, he said. But many longtime workers didn’t think immediate pay raises were enough to make up for concessions granted to GM in 2008, he said.

“There was something in there for everybody, but everybody couldn’t get everything they wanted,” Crowell said. “At least we’re making a step in the right direction to recover from 2008.”

Citing the automakers’ strong profits, UAW President Shawn Fain has insisted it was well past time to make up for the 2008 concessions.

Marick Masters, a business professor at Wayne State University in Detroit, said GM has more older workers than the other two companies, so he expected the vote to be closer there. About half of GM’s factory workers were hired before 2007. “They may have felt they were not listened to enough,” Masters said of the workers.

He expects the contracts to be ratified at Ford and Stellantis and said only lopsided votes against the deals that run counter to the current trends could sink the agreements. “It certainly seems that they’re on track to pass,” he said.

President Joe Biden has hailed the resolution of the strikes as an early victory for what he calls a worker-centered economy. But the success of the contracts will ultimately hinge on the ability of automakers to keep generating profits as they shift toward electric vehicles.

Thousands of UAW members joined picket lines in targeted strikes starting Sept. 15 before the tentative deals were reached late last month. Rather than striking at one company, the union targeted individual plants at all three automakers. At the peak of the strikes, about 46,000 workers a were walking picket lines.



Source link

Tags: AutocontractratifiesUnionworkers
ShareTweetShareShare
Previous Post

Web3 should draw newcomers, not be a ‘money grab from brands’ — Tech CEO

Next Post

Stefon Diggs gets brutally honest on brother’s comments about Bills

Related Posts

Severe flooding in the city of Rio de Janeiro, Brazil on February 9 and 11 — Earth Changes — Sott.net

Severe flooding in the city of Rio de Janeiro, Brazil on February 9 and 11 — Earth Changes — Sott.net

by Index Investing News
February 12, 2026
0

Nature in FuryYouTubeTue, 10 Feb 2026 11:39 UTC On Monday, February 9, 2026, Rio de Janeiro entered stage 3 of...

Iran defies Trump on uranium enrichment — RT World News

Iran defies Trump on uranium enrichment — RT World News

by Index Investing News
February 8, 2026
0

Tehran has the legal right to pursue a peaceful nuclear program, Foreign Minister Abbas Araghchi has said Iran will not...

What happened to India-hater MAGA influencer Elijah Schaffer? Conspiracy theories abound over deleted posts on wife, kids, FBI

What happened to India-hater MAGA influencer Elijah Schaffer? Conspiracy theories abound over deleted posts on wife, kids, FBI

by Index Investing News
February 4, 2026
0

MAGA influencer Elijah Schaffer threw X into a tizzy after he made several posts and then deleted some, triggering speculations...

Their Protection is Not, With Exceptions – The Cipher Brief

Their Protection is Not, With Exceptions – The Cipher Brief

by Index Investing News
January 31, 2026
0

OPINION — The pace of U.S. national-security launches over the past several months has been staggering. But buried beneath the...

As Korea Ages, Fiscal Reforms Can Help Safeguard Government Finances — Global Issues

As Korea Ages, Fiscal Reforms Can Help Safeguard Government Finances — Global Issues

by Index Investing News
January 27, 2026
0

Thoughtful policy changes can help ensure spending pressures remain contained, while creating space to care for elderly people and respond...

Next Post
Stefon Diggs gets brutally honest on brother’s comments about Bills

Stefon Diggs gets brutally honest on brother's comments about Bills

Marathon restarts Galveston Bay, Texas reformer

Marathon restarts Galveston Bay, Texas reformer

RECOMMENDED

Ripple Launches Test Phase For Ethereum Based Smart Contracts On The XRPL

Ripple Launches Test Phase For Ethereum Based Smart Contracts On The XRPL

October 17, 2022
Yebo Gogo: Family mourns loss of Bankole ‘Kole’ Omotoso

Yebo Gogo: Family mourns loss of Bankole ‘Kole’ Omotoso

July 24, 2023
Tempus Realty to Construct M Arkansas Build-to-Suit

Tempus Realty to Construct $70M Arkansas Build-to-Suit

February 8, 2023
Donald Trump miffed over his portrait at Colorado Capitol: ‘No one likes a nasty image’

Donald Trump miffed over his portrait at Colorado Capitol: ‘No one likes a nasty image’

March 24, 2025
Transcript: Perth Tolle – The Large Image

Transcript: Perth Tolle – The Large Image

July 5, 2022
Gold Worth At present: Yellow steel jumps by Rs 1,200/10 gram, silver dearer by Rs 2,500/kg. Right here’s why

Gold Worth At present: Yellow steel jumps by Rs 1,200/10 gram, silver dearer by Rs 2,500/kg. Right here’s why

August 17, 2024
Less than 5% of housing is accessible to older, disabled Americans

Less than 5% of housing is accessible to older, disabled Americans

July 23, 2023
Fosun denies reports China regulators asked banks to report exposure to it By Reuters

Fosun denies reports China regulators asked banks to report exposure to it By Reuters

September 14, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In