General Motors and the United Auto Workers union have reached a tentative agreement which could put an end to a month-long strike. The deal still needs to be approved by UAW GM leadership. They will meet on Thursday (October 17) to review the contract details.
"The number one priority of the national negotiation team has been to secure a strong and fair contract that our members deserve," said UAW Vice President Terry Dittes, Director of the UAW GM Department. "Out of respect for our members, we will refrain from commenting on the details until the UAW GM leaders gather together and receive all details."
If the new contract is approved by union leadership, it will then be voted on by rank-and-file members. That could take up to two weeks but the union could call off the strike while the voting process takes place.
Around 48,000 UAW members have been picketing outside of GM facilities across the country, costing the company between $50 and $100 million per day. Workers were upset because they felt that they were not seeing the benefits of the company's resurgence after it was bailed out by the federal government in 2009.
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