While the tentative agreement could end the strike against GM, negotiators aren't likely breathing sighs of relief just yet. Ratification of leadership-approved tentative agreements has traditionally been a guarantee; however, workers with Fiat Chrysler four years ago rejected an initial deal, sending negotiators back to the table.
Ahead of a deal being reached this year, industry experts cautioned the ratification of any agreement could be challenging amidinto corruption at the UAW's highest ranks involving bribery, kickbacks and embezzlement of union funds. "The federal investigation swirling around the contract makes getting that contract ratified much more difficult," said Art Wheaton, a labor professor at the Worker Institute at Cornell University. "It is not in the company's interest to have UAW's leadership not be able to deliver a ratified contract."for union leaders to get their members to approve any potential new labor deals with the Detroit automakers.
"When you reach a tentative deal, the [companies] are relying on the union leadership to sell that to their rank and file," Fields said on CNBC's "Closing Bell." "So it doesn't weaken the UAW's negotiating power, but what it does do is weaken the loyalty and the trust that the rank and file have in the leadership."The work stoppage has rippled throughout the automaker's North American operations, causing thousands of additional layoffs.
Did they bend on work rules and guarantees that make US plants noncompetitive?
We have set the course for the next bankrupcy
Here's an idea for GM employees. If you aren't happy on your job, quit and get another job. GM is not your Mommy.
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UAW increases strike pay for GM workers as negotiations continueUnited Auto Workers executive board votes to increase strike pay to $275 per week for GM workers as the strike against the Detroit automaker enters its fifth week with no clear end in sight. 5th week... after US taxpayers lost $11.2Bn bailing you out... you need some mediation help over there fellas? $275 a week is a great weekly paycheck oh yeah! Do they strike in China?
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What to watch today: Dow to fall slightly, GM-UAW deal near and WeWork cash-strappedU.S. stock futures are pointing to a lower open, following gains in four of the past five days that have lifted the Dow, S&P 500 and Nasdaq to their highest levels since Sept. 19.
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Source: WSJ - 🏆 98. / 63 Read more »
UAW increases strike pay for GM workers as negotiations continueThe United Auto Workers executive board voted to increase the strike pay to $275 per week for General Motors workers as the strike against the Detroit automaker enters its fifth week with no clear end in sight. In addition to increasing strike pay from $250 to $275, the union leaders also announced
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GM, union close to deal to end month-long UAW strike: sourcesGeneral Motors Co and the United Auto Workers union were near a deal on Tuesday ...
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