If the tentative agreement is not supported by a majority of voting members, it will be back on the drawing board for GM negotiators and the UAW GM negotiating committee to work out an agreement on the objections raised by members. The agreement also includes ratification bonuses of $11,000, compared to $8,000 in 2015, for permanent employees. Temporary employees would receive a $4,500 ratification bonus, up from $2,000 in 2015. The company would pay the premiums in the second payment period after the agreement is ratified. A $12,000 profit-sharing cap will also be removed, and permanent employees will continue to receive $1,000 for every $1 billion of pre-tax profit GM makes in North America. GM plans to invest $7.7 billion, which represents 9,000 jobs created and preserved, according to the pages of the deal, which was obtained by The Detroit News. The 2015 contract included a commitment of $8.3 billion. About 200 local United Auto Workers leaders voted Thursday to send a preliminary agreement with General Motors Co. to members. The four-year interim agreement with General Motors Co. proposed by the United Auto Workers would pave the way for fully acquired employment for temporary workers, not change health plans, lift the profit-sharing cap, grant wage increases or bonuses each year of the contract, and offer a record ratification bonus, according to a summary of the union agreement. The union is now sending the agreement to members to vote. The strike will continue during the vote.
Voting will take place from Saturday to Friday 25 October. At this time, the work stoppage is underway, but now that the UAW-GM National Council has sent a preliminary agreement to members, employees of GM suppliers may soon return to work. However, a ratified treaty is not guaranteed. Under the agreement, full-time temporary workers who have worked for three years or more would be hired permanently starting Jan. 6 — a priority requirement of the UAW and many members. Part-time employees who have worked continuously for at least two years would become regular employees as of January 1, 2020. Temporary workers who work for at least one year are also entitled to paid and unpaid leave. GM UAW`s more than 48,000 employees, including 17,000 in Michigan, have been unemployed for 32 days — the longest national strike against GM since 1970. (WXYZ) – The terms of the preliminary agreement between the UAW and General Motors have been released, and it includes a means for temporary workers and a ratification bonus of $11,000. The contract also provides for the closure of three plants, including Lordstown, Ohio. More: UAW members relieved of deal, ready to get back to work GM`s other investments include $200 million in pre-production at the Warren Tech Center for a new electric vehicle program that would preserve about 75 jobs.
GM would invest $1 billion in the Lansing Delta Township and Spring Hill assembly plants for a next-generation midsize SUV that creates 5,000 jobs. Wentzville Assembly in Missouri would receive $1.5 billion for a next-generation mid-size pickup truck to preserve 2,000 jobs. The last $2 billion would be used to modernize U.S. factories. The agreement preserves health insurance benefits without increasing spending. This means zero premiums and zero deductibles, and a co-payment cap that should average $700 per year for permanent employees. UAW-GM hourly employees pay about 3% of their total health care costs. Regarding profit sharing, the union said the $12,000 cap had been removed and all of the company`s profits would generate payments to members without borders. The treaty also provides for a ratification bonus of $11,000 for senior managers and a ratification bonus of $4,500 for temporary workers. GM issued the following statement about its operations in Ohio, including this plant: More: The UAW-GM contract offers an $11,000 bonus, wage increases, no changes in health care The union could also potentially switch to Ford Motor Co. or Fiat Chrysler Automobiles NV to reach an agreement if it thinks it could make better progress there.
Discussions in subcommittees between the union and these companies have progressed, according to the union, and most had reached a point where they are waiting for GM to set the model. .