GM workers assemble a great contract deal

[Gorehamj]

John Goreham
Contributing Writer, GM-Trucks.com
10/29/2015

The new contract that the United Auto Workers (UAW) secured in recent talks with GM goes beyond the gains made by the union in negotiations with FCA US (Chrysler). The Detroit Free Press reports that in addition to the gains made by the UAW in the recent talks with FCA, GM workers also get double the signing bonuses that FCA workers do ($8,000). Other highlights include the restoration of double time on Sundays, and the elimination of the two-tiered wage system. Workers can now get to $29 per hour in eight years. Workers with just three or more years of service will reach the $29 mark by the end of this new contract, the equivalent of $60,000 per year before bonuses, profit sharing and overtime. Workers at GM since 2007 will receive a raise of 3 percent in the first and third year of this new contract and 4% in the second and fourth year. Each worker will receive a $500 quality bonus in November of each year of the contract

 

Retirees will also benefit. A pool of about 4,00 GM workers set to retire this February through May 2016 will get a $60,000 bonus (not a typo). All retires also now get a $500 gift card from GM. Profit sharing, health care and legal services remain at or above prior levels. The contract also includes 3,000 new jobs at 12 U.S. plants.

[Tattooo]

That'll add about 10k per truck [emoji6]

[SteveBBB]

I wonder how much this adds to the price per truck..........

 

GM CEO Mary Barra paid $16.2 million last year

[Tattooo]

Who knows the exact figure but rest assured we will pay for it not GM out of their millions in untaxed profits