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Wednesday, September 28, 2011

GM Workers Likely to Approve New Contract

(DETROIT) — Factory workers at General Motors are likely to approve a new four-year contract with the company.

Negotiators for GM and the United Auto Workers union agreed to a tentative contract on Sept. 16. Union members have until


Wednesday morning to vote. Most local unions with results posted on their websites have approved the deal.

Most of GM's 48,500 factory workers won't get annual pay raises under the contract. But they'll get $5,000 signing bonuses and profit-sharing checks, along with other payments. GM has also promised to add at least 5,100 jobs.


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