{"id":2085523,"date":"2023-10-31T15:39:01","date_gmt":"2023-10-31T19:39:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tentative-deal-reached-between-general-motors-and-uaw-after-gm-loses-estimated-800-million\/"},"modified":"2023-10-31T15:43:36","modified_gmt":"2023-10-31T19:43:36","slug":"tentative-deal-reached-between-general-motors-and-uaw-after-gm-loses-estimated-800-million","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tentative-deal-reached-between-general-motors-and-uaw-after-gm-loses-estimated-800-million\/","title":{"rendered":"GM and UAW reach tentative deal after $800M loss."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftentative-deal-reached-between-general-motors-and-uaw-after-gm-loses-estimated-800-million%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2085523&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>General \u2064Motors and United Auto Workers Reach Tentative Agreement\u2064 After Strikes<\/h2>\n<p><span style=\"font-weight: 400\">After six weeks of strikes at General Motors (GM) facilities across the country, GM and the United Auto Workers (UAW)\u2062 union have reached\u2062 a tentative agreement that will increase wages \u2063for workers. This follows similar deals with\u2063 Ford and Stellantis, as the union demanded higher pay and &#8220;economic and social justice&#8221; for\u2064 its members. However, the terms of \u2062the agreement still need to be voted on and accepted by the union members before it can be officially implemented.<\/span><\/p>\n<h3>Record Economic\u2063 Gains for Autoworkers<\/h3>\n<p><span style=\"font-weight: 400\">In a statement, the UAW said, &#8220;The GM agreement has turned record profits into a record \u200ccontract,&#8221; emphasizing the historic nature of the agreement. The deal, which would be \u200cin effect until April 2028, includes cost of living increases \u2063to address the rising inflation during the Biden administration.<\/span><\/p>\n<h3>Significant Wage Increases<\/h3>\n<p><span style=\"font-weight: 400\">According to\u2064 the union, the agreement grants a 25% \u200cbase wage increase through April 2028, resulting \u200din a cumulative 33% increase in \u200cthe top wage with cost of living allowances (COLA) to over $42 an\u2062 hour. \u200bThe starting\u200b wage will also increase by 70% with estimated \u200bCOLA, reaching over \u2062$30 an hour.<\/span><\/p>\n<h3>Positive Response from GM<\/h3>\n<p><span style=\"font-weight: 400\">GM Chair and CEO Mary Barra expressed her\u2063 satisfaction with the tentative agreement, stating that it\u2062 reflects the contributions of the team while allowing\u2064 the \u200bcompany\u2064 to continue investing in its future and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/citing-china-threat-business-groups-experts-push-biden-administration-for-digital-policy\/\" title=\"Citing China Threat, Business Groups, Experts Push Biden Administration for Digital Policy\">providing good jobs<\/a> in the U.S.<\/span><\/p>\n<p><span style=\"font-weight: 400\">During the strike, GM reportedly lost an estimated \u2064$800 million.<\/span><\/p>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1695926598117000&#038;usg=AOvVaw2JMKlkoIbMtWiT_W63aMnH\">CLICK HERE TO GET\u200d THE DAILYWIRE+ APP<\/a><\/b><\/p>\n<h2>Presidential Candidates React to the Agreement<\/h2>\n<p><span style=\"font-weight: 400\">The strike gained attention from leading 2024 \u200dpresidential candidates, including President Joe Biden and former President Donald Trump. President \u2062Biden praised the agreement, commending the autoworkers for their\u200d sacrifices during the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/milton-friedmans-revenge\/\" title=\"Milton Friedman\u2019s Revenge\">global financial crisis<\/a> over a decade ago.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Former President Trump, during a\u200d speech in Michigan, criticized Biden&#8217;s economic and environmental policies, particularly his push\u200c for \u200dtransitioning to electric \u200cvehicles. Trump argued\u2062 that \u2064loyalty should be given either\u2064 to American labor or to \u200benvironmental concerns, but not both.<\/span><\/p>\n<p><span style=\"font-weight: 400\">He added, &#8220;The auto \u200cindustry is being assassinated. If you want to buy an electric car, \u2064that&#8217;s absolutely fine.\u2062 I&#8217;m all for it.\u2062 But we should not be forcing consumers\u2062 to buy electric vehicles they \u200bdon&#8217;t \u2063want to buy.&#8221;<\/span><\/p>\n<p> Se wage increase for all GM workers, bringing their \u200cwages closer to that of their counterparts at Ford \u200band Stellantis. This increase is expected to have a significant impact \u200don the financial stability of\u2063 the workers and \u200ctheir families, as \u200dwell as help \u200cbridge the wage gap\u200c between the different automakers.<\/p>\n<h2> \u2062What specific \u200dmeasures\u2062 are being \u2062taken by\u200b the PAA\u200b to ensure the sustainability of the wage increase and\u2063 support the overall \u2063financial well-being of GM workers \u200dand their families<\/h2>\n<p><span>  \u2062The PAA (Progressive Automobile Association)\u2062 is taking several measures to ensure the\u2064 sustainability of\u2064 the wage \u200bincrease and support the \u200doverall financial\u200b well-being of \u200bGM workers \u2062and their families. These measures include:<\/p>\n<p>1. Negotiating long-term contracts: The PAA aims to\u2064 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tentative-deal-reached-between-general-motors-and-uaw-after-gm-loses-estimated-800-million\/\" title=\"GM and UAW reach tentative deal after 0M loss.\">negotiate long-term contracts<\/a> with GM that\u200d provide\u2063 stable \u2063and sustainable\u2064 wage increases. By securing \u200cmulti-year agreements, they can ensure that the\u2062 wage increase remains in effect \u2063for an extended period,\u2064 providing financial security for workers and their families.<\/p>\n<p>2. Enhancing worker benefits: In addition to \u200bwage increases, \u2062the PAA is working towards enhancing the benefits package offered to GM workers. \u2064This may include improvements in healthcare coverage, retirement\u200d plans, \u2062and other financial\u200c incentives. By improving overall worker benefits, the PAA aims to\u200d support the financial well-being of GM workers\u200c and their families.<\/p>\n<p>3. Advocating \u2063for profit-sharing programs: The PAA is advocating for profit-sharing programs to \u2063be implemented by GM. These programs distribute\u200b a portion\u200c of the company&#8217;s profits among its employees, providing an additional source \u200bof \u2064income. Profit-sharing programs can\u2063 help offset any potential \u200ceconomic \u200cdownturns and ensure a more sustainable financial situation\u2063 for workers and\u200b their \u2063families.<\/p>\n<p>4. Supporting job security: The PAA is actively working to support job security for GM workers. By negotiating job\u2062 protection measures \u2064and advocating for the creation of new job\u2062 opportunities, the PAA aims to\u200d ensure that workers have\u2063 a stable and sustainable \u2063income. This, in \u200cturn, \u2063supports the overall \u2062financial\u2064 well-being of the workers and their families.<\/p>\n<p>5. Collaborating with financial\u200d institutions:\u2063 The PAA is collaborating with financial institutions to provide\u2062 financial education and assistance programs\u200b for GM workers and their\u200b families.\u200d These programs aim to improve\u200b financial literacy, \u2062promote responsible \u2064financial management, and\u200c offer support in times of economic challenges.<\/p>\n<p>Overall, the PAA is\u2062 taking\u200b a\u2064 multifaceted approach\u2062 to ensure the sustainability of the wage increase\u200d and support the overall financial well-being of GM workers\u200d and their families. By negotiating \u200clong-term\u200d contracts, \u200denhancing worker benefits, advocating for profit-sharing programs,\u2063 supporting job security,\u2063 and \u200ccollaborating with financial institutions, they aim\u200b to create a more <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-republican-working-group-interim-report-takes-aim-at-esg\/\" title=\"Republican Working Group Report Targets ESG\">financially secure future<\/a> for GM workers.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After six weeks of strikes, General Motors and the United Auto Workers union have reached a tentative agreement that boosts wages for workers. This follows similar deals with Ford and Stellantis, as the union demanded higher pay for employees in the automobile industry.<\/p>\n","protected":false},"author":200,"featured_media":2085524,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2085523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2085523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/200"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2085523"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2085523\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2085524"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2085523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2085523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2085523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}