GM Strike to end with the new labor agreement
General Motors (GM) is approaching a provisional collective labor agreement with trade union United Auto Workers (UAW), which would end a strike that has already cost the company millions of dollars. That is what sources are aware of the negotiations.
According to the insiders, the union has made a comprehensive proposal to GM about a solution to the case and the car manufacturer’s response is now being awaited. The hope is that a definitive agreement can be reached between the parties in the short term. GM had put its own proposal on the table before the strike broke out, but the union rejected it.
Work has been halted at dozens of branches in the United States since 16 September, due to a conflict over wages and jobs, among other things. That was the first national strike at GM in twelve years and it cost the company an estimated 500 million dollars in lost production. Approximately 48,000 GM employees joined the campaigns.