Deals mark victory for workers after years of stagnant wages
Tentative deals between the United Auto Workers and the top three U.S. automakers offer big pay raises to workers. © Reuters
(Reuters) — General Motors and the United Auto Workers have reached a tentative agreement, they said on Monday, with its members winning record pay hikes to end six weeks of a coordinated strike against the Detroit Three automakers.
The accord follows deals reached in the last few days by the union with Ford Motor and Chrysler owner Stellantis, in what amounts to significant victories for auto workers after years of stagnant wages and painful concessions made by the union following the 2008 financial crisis.
Sponsored Content
About Sponsored Content This content was commissioned by Nikkei’s Global Business Bureau.
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.