GM reaches tentative deal with UAW, averts strike

General Motors and the United Auto Workers have reached a tentative four-year agreement that is expected to bring raises across the board and will help avoid a strike by the union.

The union announced the deal in an email statement, but it did not provide details. GM employs close to 7,000 UAW workers between its plants in Wentzville and Kansas City, Kan., according to the company’s website.

UAW leadership wanted richer agreements with GM and Ford after reaching a deal on Oct. 22 with Fiat Chrysler. That agreement is expected to cost Fiat Chrysler close to $2 billion over four years, people with knowledge of the situation have said.

Read more from Bloomberg


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