The monthlong strike by nearly 50,000 workers against General Motors may soon come to an end after GM and the UAW, the workers’ union, reached a tentative deal.
Under the deal, workers will reportedly get $1,000 in profit sharing for every $1 billion in profit the company makes, with no cap, as well as a contract ratification bonus of more than $8,000. The workers’ share of their health coverage costs will remain low, an important point in a physically grueling industry.
But the biggest things the workers were fighting for were good jobs beyond longtime union members. They wanted temp workers to have a path to permanent employment, permanent workers on a lower-tier pay scale to be moved up, and investment in jobs in the U.S. Details remain unclear, but the workers appear to have won some substantial improvements on these fronts.
The deal must be ratified by the striking workers, who will get a vote after it is first reviewed by the UAW’s National Council on Thursday morning.