General Motors' Ultium Cells Agrees To Boost Wages At Its Ohio Battery Plant
Portfolio Pulse from Shivani Kumaresan
General Motors' joint venture, Ultium Cells, has agreed to raise wages by $3 to $4 per hour at its Ohio battery plant. The agreement with the Union Auto Workers (UAW) will also include back pay for hundreds of workers. Ultium Cells, a partnership between General Motors and LG Energy Solution, produces battery cells for GM's battery fleet. The wage increase follows months of negotiations and a public UAW campaign.
August 25, 2023 | 12:28 pm
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General Motors' joint venture, Ultium Cells, is increasing wages at its Ohio battery plant. This could potentially increase operating costs for GM in the short term.
The wage increase at Ultium Cells, a joint venture of General Motors, could lead to increased operating costs for GM. This could potentially have a negative impact on GM's profitability in the short term.
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