UAW Says UAW Aramark Workers Will Also Receive Retroactive Back Pay From March 15, Day Previous Contract Expired; Under Agreement, UAW Was Also Able To Reduce Time It Takes General Motors Aramark Worker To Reach Top Wage Rate
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The United Auto Workers (UAW) announced that Aramark workers, servicing General Motors (GM), will receive retroactive back pay from March 15, the day the previous contract expired. Additionally, the UAW successfully negotiated a reduction in the time required for Aramark workers at GM facilities to reach the top wage rate, marking a significant gain for sanitation workers.
April 23, 2024 | 6:49 pm
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NEUTRAL IMPACT
General Motors (GM) is indirectly impacted by the UAW's successful negotiation for Aramark workers, ensuring retroactive back pay and a faster route to top wage rates for these workers at GM facilities.
While the direct financial impact on GM may be limited, the agreement reflects positively on GM's labor relations and corporate responsibility. The news is likely to be viewed favorably by investors focused on social governance criteria, but it's not expected to have a significant direct impact on GM's stock price in the short term.
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