iBankCoin
Joined Nov 11, 2007
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General Motors and Big Union Agree on New Four Year Contract

General Motors Co. and the United Auto Workers, sobered by the government bailoutand bankruptcy just two years ago, agreed on a new four-year contract without the public acrimony or strikes that have plagued the talks in the past.

Details weren’t released, but the union said the deal reached late Friday includes some of its major goals, including improvements in profit-sharing, promises of new jobs and better health care benefits. The deal will serve as a template for contracts that still must be negotiated with Chrysler Group LLC and Ford Motor Co., setting the pay and benefits for 112,500 U.S. auto workers. It also will set the bar for pay and benefits at nonunion auto companies and other industries across the country.

FULL STORY HERE 

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One comment

  1. Jakegint

    Is this some kind of joke? The UAW agreed not to strike as a condition to the original bailout.

    Moreover, the UAW is a major shareholder in GM now, so why would they eff themselves?

    All the above goes for Chrysler too.

    When these corrupt fuckers sign an amicable agreement w. Ford, then we’ll know if we’re in a new day or not.

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