GM Workers Expected To Approve New Contract
DETROIT (AP) -- Factory workers at General Motors are likely to approve a new four-year contract with the company.
Negotiators for GM and the United Auto Workers union agreed to a tentative contract on Sept. 16. Union members have until Wednesday morning to vote. Most local unions with results posted on their websites have approved the deal.
Most of GM's 48,500 factory workers won't get annual pay raises under the contract. But they'll get $5,000 signing bonuses and profit-sharing checks, along with other payments. GM has also promised to add at least 5,100 jobs.
Entry-level workers at GM will get raises.
The pressure is now on for bargainers to reach contract agreements at Ford and Chrysler.