General Motors Says Made UAW Offer That Includes 20% Wage Increase Over The Life Of The Agreement
Portfolio Pulse from Benzinga Newsdesk
General Motors (GM) has made an offer to the United Auto Workers (UAW) union that includes a 20% wage increase over the life of the agreement, according to a company statement.
September 14, 2023 | 6:43 pm
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NEUTRAL IMPACT
GM's offer of a 20% wage increase to the UAW could potentially increase labor costs, but may also improve labor relations and productivity.
The proposed wage increase could lead to higher labor costs for GM, which may negatively impact short-term profits. However, it could also lead to improved labor relations and increased productivity, which could have a positive impact in the long term.
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