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UAW Reaches Tentative Agreement With GM, Touts ‘Major Gains’
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Oct. 16, 2019 | STRIKES | The United Auto Workers has reached a proposed tentative agreement with General Motors Co. that represents "major gains," the UAW said in a news release Wednesday morning. About 200 local union leaders representing GM employees are expected to convene Thursday in Detroit for a national council meeting to vote on whether to send the tentative agreement to the UAW membership and when to end the strike. The agreement is expected to include at least $9 billion in new investment, ratification bonuses of more than $8,000 each, uncapped profit-sharing payouts and base-wage increases or lump-sum bonuses of more than 2% in each year of the proposed contract. The agreement also is expected to confirm the wind-down of three plants identified last November for closure, the people said. Those plants include Lordstown Assembly in northeast Ohio, Baltimore Operations in Maryland… Detroit News
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