UAW And General Motors Reach Agreement; Avert Strike

[Purveyor]

Source: Detroit Free Press

By Alisa Priddle and Greg Gardner, Detroit Free Press 11:57 p.m. EDT October 25, 2015

The UAW and General Motors have reached a tentative agreement, averting a strike literally minutes before the deadline.

"Your UAW-GM Bargaining Committee has secured significant gains and job security protections in a proposed Tentative Agreement with GM," the union announced.

News of the agreement came just before Sunday's 11:59 p.m. deadline at which point the old four-year agreement was set to expire.

No details of the four-year agreement were released but the deal is expected to largely mirror the one ratified by Fiat Chrysler Automobiles on Thursday in terms of basic wages.

Read more: http://www.freep.com/story/money/cars/general-motors/2015/10/25/uaw-and-general-motors-reach-agreement-avert-strike/74604950/