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After ratification, there will be a six-month window for past employees of GM's former Lordstown Assembly plant who were active at the plant on Nov. 26, 2018 — the day GM announced it would ...
The Detroit Free Press has learned more details on when GM and the UAW will start the first phase of the $50,000 retirement buyout program. Here is when to expect GM's $50,000 buyout program for ...
The 2% figure means about 900 of the approximately 46,000 union members across GM get the buyout in this first program phase. The UAW says about 7,800 GM hourly workers are eligible for retirement ...
GM offered buyouts to all its UAW members. On March 24, 2008, GM reported a cash position of $24 billion, or $6 billion less than what was on hand September 31, 2007, [dubious – discuss] which is a loss of $1 billion a month. [45] A further quarterly loss of $15.5 billion, the third-biggest in the company's history, was announced on August 1 ...
After 40 days, on October 25, 2019, the "longest strike by autoworkers in a decade" and the longest against GM since 1970 came to an end when United Auto Workers members voted to approve a new contract with GM. Striking labor union members received a $275 a week strike pay salary for the duration of the strike. [236]
On September 17, GM stopped providing health insurance to 55,000 union members, [7] forcing the UAW to pay for COBRA. On September 26, it was announced that GM would start to pay health insurance again to people on strike. [8] On October 16, it was announced that GM and the UAW agreed on a new labor contract that ended the month-long strike.
The turning point came yesterday at GM's big plant in Arlington, Texas, where over 3,300 workers voted to approve the tentative deal by 60.8%. Striking United Auto Workers (UAW) members from the ...
General Motors Financial Company, Inc. is the financial services arm of General Motors. The company is a global provider of auto finance, with operations in the United States, Latin America, Canada, Europe (which was sold to PSA Groupe and BNP Paribas following the sale of GM's core area businesses Opel and Vauxhall in a $2.2 billion deal), and ...
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