United Auto Workers Leaders Endorse New Contract

Tuesday, 20 Sep 2011 12:28 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

DETROIT — Union leaders from General Motors factories around the country have endorsed a new four-year contract with the company.

They are recommending that GM's 48,500 factory workers approve the deal in votes during the next week.

The agreement reached Friday includes a $5,000 signing bonus and improved profit-sharing instead of hourly pay raises for most of the workers. About 2,400 entry-level workers will get raises. They now make $14 to $16 per hour, about half the pay of a longtime UAW worker.

Profit-sharing will be a minimum of $3,500 next year.

The union now will focus on negotiations with Chrysler, and Ford will be next.

Since Chrysler isn't making as much money as GM, workers there probably won't see as good of a deal.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Plouffe: Book's Account of Obama Gay Marriage Position Is Wrong

Wednesday, 23 Apr 2014 10:14 AM

Former Senior White House adviser David Plouffe says that author Jo Becker's account about how President Barack Obama mo . . .

Missouri Mayor Who Backed Accused Killer Steps Down

Wednesday, 23 Apr 2014 08:53 AM

Dan Clevenger, who had been mayor of Marionville, Mo., since April 10, resigned after the city council voted 4-1 to star . . .

NYPD Twitter Request Backfires as Police Brutality Photos Posted

Wednesday, 23 Apr 2014 07:45 AM

Groups and individuals angry with the New York City Police Department posted pictures of police brutality in response to . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved