Jumped into the fire with GM minutes ago.
I hope I dont regret it. UAW will live stream at 4 on FB
GM offered an incredible package. I guess we will see how much.
I posted this in the Tesla Stock section already...
01:59 PM EDT, 10/20/2023 (MT Newswires) -- General Motors (GM) said Friday it has made an offer to the United Auto Workers that would raise most unionized workers' pay to $40.39 per hour, or around $84,000 per year.
"We have made substantial movement in all key areas in an effort to reach a final agreement with the UAW and get our people back to work," GM said in a statement.
The automaker said it would also continue to offer health insurance coverage with no out-of-pocket premiums or deductibles to senior workers.
The UAW did not immediately respond to a request for comment by MT Newswires on the offer.
Meanwhile, Bloomberg reported late Thursday that the sides are close to a tentative deal, citing a union negotiator.
A union spokesperson earlier Friday told MT Newswires that UAW President Shawn Fain would make make a comment at 4 pm ET on Facebook Live.