Unifor Says Now That Tentative With General Motors Has Been Reached Work Will Resume At All GM Facilities; Pattern Agreement Include Base Hourly Wage Increases Of Nearly 20% For Production And 25% For Skilled Trades Over The Lifetime Of Agreement
Portfolio Pulse from Benzinga Newsdesk
Unifor, the union representing General Motors (GM) workers, has reached a tentative agreement with GM that includes nearly 20% wage increases for production workers and 25% for skilled trades over the lifetime of the agreement. As a result, work will resume at all GM facilities.
October 10, 2023 | 5:26 pm
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The tentative agreement between GM and Unifor, including significant wage increases, may lead to increased labor costs for GM. However, the resumption of work at all facilities could boost production.
The wage increase agreed upon in the tentative agreement between GM and Unifor could lead to increased labor costs for GM, which could negatively impact their bottom line. However, the resumption of work at all GM facilities could offset this by boosting production and potentially increasing revenues.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100