Tentative Agreement Gm

The UAW has been on strike since 16 September and the action has idled about 46,000 workers. Disagreements include health care, wages, protection of temporary workers and job security, as well as the union`s demand to stop the importation of genetically modified vehicles from other countries, such as Mexico. Two sources familiar with the situation said the agreement followed the basic outlines of proposals that GM presented twice last month. It is expected to include at least $9 billion in new investments, the creation of 9,000 jobs, the maintenance of health insurance services without increased costs, ratification bonuses of $11,000, uncapped profit distributions, 3% increase in basic wages over two years and 4% lump sum premiums for the remaining two years of the proposed four-year contract. Plus: GM, UAW proposed to reach the provisional agreement; The strike continues UPDATE 17.10.19, 15.30 .m.: Automotive News reports this afternoon that the terms are being discussed in the proposed agreement. The UAW GM Council met today for most of the day, but has not yet made a recommendation for a vote on ratification. Under the terms of the interim agreement, the Hamtramck plant near Detroit, which currently employs about 800 people to build the Cadillac CT6 and Chevrolet Impala, would not close as planned and GM would build its future electric pick-up truck there; but the Lordstown assembly plant in Ohio, with transmission sites in Michigan and Maryland, would close permanently. GM made a statement to AN in which it said it would continue its battery production projects in Ohio and invest $9 billion in U.S. plants. GM plans to build a battery production unit as part of a joint venture in the Mahoning Valley in northeastern Ohio, where Lordstown lives. The facility represented by the unions would be part of its promised investments in the proposed agreement, two sources familiar with the situation said, but it would not be explicitly included in the union`s lead contract with GM. The agreement is also expected to confirm the dismantling of three facilities identified for closure last November, he said.