GM and UAW reach tentative agreement to end month-long strike

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Thread: GM and UAW reach tentative agreement to end month-long strike

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    GM and UAW reach tentative agreement to end month-long strike

    GM and UAW reach tentative agreement to end month-long strike
    https://www.foxbusiness.com/markets/...tive-agreement

    October 15, 2019
    Evie Fordham


    The United Auto Workers announced a tentative agreement with General Motors on Wednesday to end the GM autoworkers strike that has lasted longer than a month.

    "The number one priority of the national negotiation team has been to secure a strong and fair contract that our members deserve,” Terry Dittes, vice president of UAW's GM Department, said in a statement. "Out of respect for our members, we will refrain from commenting on the details until the UAW GM leaders gather together and receive all details."

    More at link

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    Re: GM and UAW reach tentative agreement to end month-long strike

    That's good news!

    I haven't heard of any particular stock shortages - has anyone heard about actual sales losses because customers couldn't find what they wanted?

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    Re: GM and UAW reach tentative agreement to end month-long strike

    I wonder what's in the details? Did they save a plant or two? What really held up an agreement for a month?

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    Re: GM and UAW reach tentative agreement to end month-long strike

    Quote Originally Posted by BlackGTP View Post
    GM and UAW reach tentative agreement to end month-long strike
    https://www.foxbusiness.com/markets/...tive-agreement

    October 15, 2019
    Evie Fordham


    The United Auto Workers announced a tentative agreement with General Motors on Wednesday to end the GM autoworkers strike that has lasted longer than a month.

    "The number one priority of the national negotiation team has been to secure a strong and fair contract that our members deserve,” Terry Dittes, vice president of UAW's GM Department, said in a statement. "Out of respect for our members, we will refrain from commenting on the details until the UAW GM leaders gather together and receive all details."

    More at link
    Will they have to wait for the UAW leaders to get out of jail first to review all the details? Or do they have delegates while they're in jail?
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    Re: GM and UAW reach tentative agreement to end month-long strike

    Quote Originally Posted by Ambalanche View Post
    I wonder what's in the details? Did they save a plant or two? What really held up an agreement for a month?
    the UNION to "show strength" could NOT accept the deal so had to bargain something different and LOOKS "better" - likely some bull hockey item that they "needed"

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    Re: GM and UAW reach tentative agreement to end month-long strike

    Quote Originally Posted by richmond2000 View Post
    the UNION to "show strength" could NOT accept the deal so had to bargain something different and LOOKS "better" - likely some bull hockey item that they "needed"
    Well we know GM was looking to have employees pay 15% of healthcare costs and the UAW preserved them still only having to pay 3%.

    Healthcare costs GM a billion a year if I recall.
    "The car's brilliant and ... a great surprise, pleasant surprise for all Corvette lovers everywhere ... a huge shock to our competitors ... because I don't think anybody was expecting something that good. What pleases me the most about it was that ... I can say this is the first car that's come out, that was done since I left.

    -- Bob Lutz, former vice chairman and head of global product development at GM

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    Re: GM and UAW reach tentative agreement to end month-long strike

    so....has Detroit-Hamtramck been spared?
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    Re: GM and UAW reach tentative agreement to end month-long strike

    Found this someplace...

    "Details of the proposed four-year deal were not disclosed. However, the union’s members with GM are expected to receive raises of 3% to 4% or lump-sum bonuses each year as part of the accord. The deal also will include the addition or retention of 9,000 hourly U.S. jobs and a “clear path” for temporary workers with three or more years to become full-time employees, according to two people briefed on the pact.

    The company’s shares jumped by about 2.5% in morning trading before leveling off to close up by just over 1% at $36.65 a share. The stock of crosstown rival Ford Motor was flat, closing at $9.07 a share.

    Under the deal, GM also will invest at least $9 billion in its manufacturing operations over the life of the contract, including production of an all-electric pickup for a plant in Detroit that was potentially slated for closure. UAW members also are expected to maintain their health insurance, which is considered “gold standard” and requires employees to cover roughly 3% of the total costs, according to one person familiar with the talks."
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    Re: GM and UAW reach tentative agreement to end month-long strike

    Quote Originally Posted by BlackGTP View Post
    That's good news!

    I haven't heard of any particular stock shortages - has anyone heard about actual sales losses because customers couldn't find what they wanted?
    Lots of PART shortages. Dealers and independents can't get GM parts. I haven't heard of problems with vehicle sales, though.

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    Re: GM and UAW reach tentative agreement to end month-long strike

    Quote Originally Posted by Ambalanche View Post
    I wonder what's in the details? Did they save a plant or two? What really held up an agreement for a month?
    I am guessing reading comprehension - on both sides. A month is a long time, and this was the end of a contract. There is no way they were unprepared. Somebody must have a 100-word limit for the day, and got overwhelmed.

    I'll bet it's a lot of no change... wasted time. That ratification bonus pays more than they would have made in the 30 days they were out. Who are we kidding? There is no sacrifice, at all.

    Now put the crooks in prison, and put the clamps on them. They have clearly and repeatedly chosen to betray their members' trust. They deserve a spot in hell that is close to the heat source.
    Last edited by Chassis Guy; 10-16-2019 at 06:47 PM.

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    Re: GM and UAW reach tentative agreement to end month-long strike

    Quote Originally Posted by TruckMan View Post
    Found this someplace...

    "Details of the proposed four-year deal were not disclosed. However, the union’s members with GM are expected to receive raises of 3% to 4% or lump-sum bonuses each year as part of the accord. The deal also will include the addition or retention of 9,000 hourly U.S. jobs and a “clear path” for temporary workers with three or more years to become full-time employees, according to two people briefed on the pact.

    The company’s shares jumped by about 2.5% in morning trading before leveling off to close up by just over 1% at $36.65 a share. The stock of crosstown rival Ford Motor was flat, closing at $9.07 a share.

    Under the deal, GM also will invest at least $9 billion in its manufacturing operations over the life of the contract, including production of an all-electric pickup for a plant in Detroit that was potentially slated for closure. UAW members also are expected to maintain their health insurance, which is considered “gold standard” and requires employees to cover roughly 3% of the total costs, according to one person familiar with the talks."
    I await this all electric pickup with bated breath.

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    Re: GM and UAW reach tentative agreement to end month-long strike

    Supposedly saved D-Ham, Lordstown and the two transmission plants still shut down.
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    Re: GM and UAW reach tentative agreement to end month-long strike

    The most interesting detail to me is that they intend to keep D-Ham open to produce an electric pickup, which must be around the corner? Or do they just limp along with the current product until the truck is ready?

    FWIW, Ford's F-150 BEV isn't here until MY 2022/3 and they've already been showing it in action with prototypes running around. GM must be really good at secrets.
    Last edited by BORG; 10-16-2019 at 08:47 PM.

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    Re: GM and UAW reach tentative agreement to end month-long strike

    Sounds like the unionistas came out of this nicely. A 3-4% annual raise, WTF? Military doesn't get that, I'll hazard they work a little harder for their pay than these siesta guys. Also getting almost all your health insurance paid is sweet and again, above and beyond what most Americans other than Congresshomies get.

    And in return they'll...? Yeah, I thought so.
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    Re: GM and UAW reach tentative agreement to end month-long strike

    Quote Originally Posted by FenwickHockey65 View Post
    Supposedly saved D-Ham, Lordstown and the two transmission plants still shut down.
    I hope this saves CT6 and Impala. Maybe a future RWD Buick?
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