Hyperdrive
GM’s Tentative Deal With UAW Paves Way for Key Strike Vote
- Union council will decide Thursday whether to end walkout
- Getting the agreement ratified could still be a challenge
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General Motors Co. and the United Auto Workers reached a tentative agreement on a new contract, clearing the way for a union vote Thursday on whether to continue a more than month-long strike.
The accord reached Wednesday may bring an end to the union’s longest national walkout against the carmaker in almost a half century. It includes $9 billion in investment in U.S. plants, 9,000 new or retained jobs and signing bonuses exceeding the $8,000 workers got four years ago, people familiar with the matter said. Workers will get 3% pay raises in some years of the contract and 4% lump-sum payments in the others.