United Auto Workers members nationwide voted overwhelmingly this week to ratify the union's tentative agreement with General Motors. The vote officially ends the historic six-week strike, which began in September when 48,000 unionized workers walked off the job in an effort to secure higher pay and greater employment protections.
"General Motors members have spoken," said Terry Dittes, the vice president and director of the UAW's GM department. "We are all so incredibly proud of UAW-GM members who captured the hearts and minds of a nation."
The UAW and GM ($GM) agreed upon the tentative agreement on October 16. The voting period for UAW members to ratify the deal began on October 19 and ended Friday evening.
Under the four-year agreement, both hourly and salaried workers will receive wage increases, additional paid holidays, new signing bonuses, and are able to keep their current healthcare plans. GM will also offer hefty bonuses to encourage eligible workers to retire this year.
GM, however, will continue with its plans to close several manufacturing facilities in Michigan, Maryland, Ohio, and Ontario. The closures are part of GM's overall restructuring plan that will cut its total salaried staff by 15 percent.
Mary Barra, GM's chairman and CEO, said the agreed-upon contract provides workers with "a strong wage and benefit package and additional investment and job growth" in the company's domestic operations. In negotiations, the automaker also agreed to $7.7 billion worth of investments in the U.S., including a commitment to build new products in Detroit.
"As one team, we can move forward and stay focused on our priorities of safety and building high-quality cars, trucks and crossovers for our customers," Barra added in a statement Friday.
For 40 days, striking workers forewent GM paychecks and received just $275 a week in strike pay from the union. UAW President Gary Jones thanked "members' families and their local communities for their outpouring of support" during the strike, which was the longest auto strike in more than 50 years.
"Our members not only joined together in solidarity but felt the support of their whole community throughout this important stand," Jones added in a statement after voting closed on Friday.
The UAW said that workers will begin immediately getting back to work.
It’s a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem. Breakfast is booming at U.S. eateries. First Watch, a restaurant chain that serves breakfast, brunch and lunch, nearly quadrupled its locations over the past decade to 570. Fast-food chains like Starbucks and Wendy's added more egg-filled breakfast items. In normal times, egg producers could meet the demand. But a bird flu outbreak that has forced them to slaughter their flocks is making supplies scarcer and pushing up prices. Some restaurants like Waffle House have added a surcharge to offset their costs.
William Falcon, CEO and Founder of Lightning AI, discusses the ongoing feud between Elon Musk and Sam Altman, and how everyday people can use AI in their lives.
U.S. tariffs on steel and aluminum “will not go unanswered,” European Union chief Ursula von der Leyen vowed on Tuesday, adding that they will trigger toug
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
Jeff Benedict, author of 'The Dynasty,' weighs in on the Kansas City Chiefs being the next big dynasty, who he thinks will win Super Bowl LIX and more. Watch!