'UAW Makes New Proposal To Gm As Sides Bargain To End Strike; Automaker Is Said To Prepare Counteroffer Thursday Or Friday; Union's Offer Is Similar To Tentative Deal Reached With Ford' - Bloomberg News
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The United Auto Workers (UAW) union has proposed a new contract to General Motors Co. (GM) similar to the tentative agreement reached with Ford Motor Co. The proposal is part of an effort to end a six-week-old strike. UAW President Shawn Fain and GM CEO Mary Barra have held a meeting, and while no agreement has been reached yet, the sides are reportedly close on many key issues.
October 26, 2023 | 7:36 pm
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The ongoing strike at GM could potentially end soon as UAW has proposed a new contract similar to the one agreed with Ford. This could lead to a resumption of normal operations at GM.
The strike has been a significant issue for GM, disrupting its operations. The new proposal from UAW, if accepted, could end the strike and allow GM to resume normal operations, which could positively impact its stock in the short term.
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