Gm Agreement

The agreement also includes ratification bonuses of $11,000 (compared to $8,000 in 2015) for permanent employees. Temporary employees would receive a $US 4,500 ratification bonus, up from 2,000 $US in 2015. The company would pay the bonuses during the second pay period after the agreement was ratified. A cap of $12,000 for recipient companies is also being removed and permanent employees continue to receive US$1,000 for every $1 billion in upstream tax revenue generated by GM in North America. Plus: GM, UAW proposed to reach the provisional agreement; The strike continues Here is what the Free Press is able to learn about the details of the UAW`s proposed tentative agreement with General Motors. For now, the work stoppage is underway, although now that the UAW-GM National Council has sent an interim agreement to members, employees of GM suppliers may soon return to work. However, a ratified treaty is not guaranteed. The strike began at 12:01 p.m. .m 16 September; the proposed interim agreement was concluded on the 31st day of the strike. The strike is not over – the union`s GM National Council will vote on the proposal on Thursday and decide whether workers will be left on strike until they vote in favour of ratifying the agreement. GM plans to invest $7.7 billion, which has created and maintained 9,000 jobs, according to the pages of the agreement obtained by the Detroit News. The 2015 contract included an $8.3 billion commitment. The agreement will include salary increases, a ratification bonus of at least $9,000, GM`s promises to create or maintain 9,000 jobs over the next four years, a way for temporary workers to become permanent, and other elements.

The proposed interim agreement will be discussed Thursday by the National Council, nearly 200 union leaders who meet in Detroit at 10.30 .m Thursday. If they agree, an interim agreement will be formally submitted to the ratification of GM staff represented by the UAW. GM`s new three-year agreement follows a landmark configuration agreement with Ford that includes a 5 percent hourly rate increase, a $7,250 productivity and quality bonus, a total of $4,000 in inflation protection bonuses, improved performance, work bonuses and the re-establishment of the 20 percent wage gap for crafts.