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GM workers assemble a great contract deal


Gorehamj
  • John Goreham
    Contributing Writer, GM-Trucks.com
    10/29/2015
    The new contract that the United Auto Workers (UAW) secured in recent talks with GM goes beyond the gains made by the union in negotiations with FCA US (Chrysler). The Detroit Free Press reports that in addition to the gains made by the UAW in the recent talks with FCA GM workers also get double the signing bonuses that FCA workers do ($5,000). Other highlights include the restoration of double time on Sundays, and the elimination of the two-tiered wage system. Workers can now get to $29 per hour in eight years. Workers with just three or more years of service will reach the $29 mark by the end of this new contract. Workers at GM since 2007 will receive a raise of 3 percent in the first and third year of this new contract and 4% in the second and fourth year.

Retirees will also benefit. A pool of about 4,00 GM workers set to retire this February through May 2016 will get a $60,000 bonus. All retires also now get a $500 gift card from GM. Health care and legal services remain at or above prior levels. The contract also includes 3,000 new jobs at 12 U.S. plants.

 

 


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