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Share Name | Share Symbol | Market | Type |
---|---|---|---|
General Motors Company | NYSE:GM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.19 | 0.43% | 44.86 | 45.545 | 44.505 | 45.03 | 10,046,012 | 01:00:00 |
By Christina Rogers
The United Auto Workers has ratified a tentative labor deal with General Motors Co., freeing union leaders up to focus solely on a Ford Motor Co. pact that is in danger of being rejected Friday.
A GM resolution, coming after two weeks of meetings with skilled trades workers dissatisfied with the deal, solidifies a contract with the No.1 U.S. auto maker that could lift hourly compensation rates 10%, according to independent analysis published Friday.
GM and the UAW had drawn up an agreement in October that had been approved by workers overall, but was rejected by skilled-trades employees. UAW officials said they've held meetings with skilled-trade workers and secured changes from GM that respond to concerns.
In a statement, the UAW said it moved to ratify the contract because a majority of GM's 52,700 U.S. hourly workers support the deal and it believes it has addressed the outstanding issues with skilled-trade employees.
Write to Christina Rogers at christina.rogers@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
November 20, 2015 18:51 ET (23:51 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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