General Motors provided an update on what is currently being offered to the UAW, stating that its latest offer includes a 20% wage increase over the life of the agreement with 10% increase in Year 1. The offer also includes reinstatement of COLA for team members at max wages starting Year 2.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GM:
- GM’s (NYSE:GM) Defense Unit Partners with Anduril for Defense Programs
- General Motors (NYSE:GM) Faces Double Whammy: Canadian Union Strikes; More UAW Layoffs
- What You Missed This Week in EVs and Clean Energy
- General Motors Stock (NYSE:GM) at 3-Year Low; Canada Labor Woes to Add Fuel to the Fire
- GM, F, STLA: UAW Negotiations Insist on Battery Plant Inclusion