The Washington Post: UAW, GM sign tentative deal that will end strike if workers ratify it

November 1, 2023

The United Auto Workers (UAW) has reached a tentative contract deal with General Motors, the last of the Big Three automakers, marking the potential end of a historic six-week strike that has had significant economic and worker gains. The contracts, also tentatively agreed upon with Ford and Stellantis, are the most substantial compensation increases the UAW has secured in decades, including a 25% wage raise over 4.5 years.

The strike’s resolution is important for the automotive industry, contributing 3% of the nation’s GDP. President Biden, who actively supported the negotiations, sees the agreements as a testament to the power of workers and an economic boost. While these deals protect workers during the transition to electric vehicles, the specifics of wage implications remain unclear. Ratification votes are pending, and if rejected, workers may return to striking. These agreements coincide with increased workplace activism in the US, with workers across various industries striking and achieving significant gains. UAW’s relatively new president, Shawn Fain, has ambitious plans to expand unionization in the auto industry.

For further insights on how the UAW strike is affecting suppliers and comments from Seraph’s founder and CEO Ambrose Conroy, you can refer to The Washington Post piece following the link below. 

 

About Seraph 

A global enterprise consulting firm that partners with business leaders to handle their most complex problems in areas such as supply chain, operations, and manufacturing challenges while delivering long-term operational and leadership improvements. Seraph has extensive on-site industry experience in the automotive, private equity, defense, medical device, electronics, energy infrastructure, and engineering sectors. The Seraph leadership team brings vast expertise across; crisis management, mergers, acquisitions, due diligence, restructuring, turn-around services, product launches, and logistics. Our four-phase process has been proven to provide quick payback and positive ROI, which is measured throughout customer engagement. Learn more at www.seraph.com and follow Seraph on LinkedIn.

Related Articles

Hear from our team this Women’s Day!

Hear from our team this Women’s Day!

Seraph takes immense pride in the daily achievements and collaborative efforts of our team and clients. This success is made possible by a group of exceptionally talented professionals and inspiring personalities who make up our team. In celebration of International...