GM Has a Deal, But End to UAW’s Strike Could Be Weeks Away
- Union will decide Thursday whether walkout should continue
- Ratification will take time, so vote is key to recoup earnings
Demonstrators hold signs during a United Auto Workers (UAW) strike outside the General Motors Co. (GM) plant in Romulus, Michigan on Oct. 4.
Photographer: Brittany Greeson/BloombergThis article is for subscribers only.
The good news is General Motors Co. has a tentative agreement with the United Auto Workers to end a 31-day strike that has cost the company an estimated $2 billion. The bad news is 48,000 striking workers could stay out during a ratification vote that could last another two weeks.
The union’s local presidents and chairman -- roughly 200 officials -- plan to meet at 10:30 a.m. local time in downtown Detroit to decide whether to put the tentative deal to a vote of the entire membership and if workers will return to their jobs before ratification.