The United Auto Workers union reached a tentative deal with General Motors on Wednesday after a month-long strike.
While details of the deal are not yet available, members of the union are expected to receive bonuses and raises, according to CNBC. General Motors’ stock jumped 2.5% in Wednesday morning trading.
“The number one priority of the national negotiation team has been to secure a strong and fair contract that our members deserve,” UAW Vice President Terry Dittes, who is also the director of the UAW GM department, said in a statement.
Dittes also said he will not be discussing details until after union leaders discuss the deal in Detroit on Thursday. (RELATED: Auto Workers Strike Against GM Comes As Union Leaders Face Corruption Investigation)
Members of the United Auto Workers union demanded fair wages, job security, and affordable health care from General Motors in a strike after the UAW’s contract with GM expired Sept. 16.
Entry-level assembly workers are paid about $20 an hour, but the union members demand that number increase to $30 within the next three to four years, as opposed to eight years it usually takes for a raise.
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