Business, Equipment

General Motors Workers Ratify Contract, 40-Day Strike to End

UAW member votes on GM contract General Motors workers enter and exit a polling station. A new contract was ratified, ending a strike that began Sept. 16. (Laurie Skrivan/St. Louis Post-Dispatch via Associated Press

ROMULUS, Mich. — Striking General Motors factory workers will put down their picket signs after approving a new contract that will end a 40-day strike that paralyzed the company’s U.S. production.

October 25, 2019
Business, Logistics

GM Losing Patience With UAW Over Nearly Monthlong Strike

General Motors General Motors CEO Mary Barra (Bryan Mitchell/Bloomberg News)

General Motors Co.’s chief labor negotiator suggested the United Auto Workers is dragging its feet in responding to the automaker’s latest contract offer in a show of frustration with a strike that’s lumbering toward the one-month mark.

October 11, 2019
Government, Business, Logistics

GM Factory Hands Making 40% Less Than Their Coworkers

General Motors Anthony Lanzilote/Bloomberg News

The future of temps has been among the major impasses contributing to the United Auto Workers union’s strike against GM, now in its 25th day.

Gabrielle Coppola | Bloomberg News
October 10, 2019
Government, Business, Logistics

GM Strike Seen Forcing Credit Firms to Mull Action

General Motors Brittany Greeson/Bloomberg News

The United Auto Workers union’s strike against General Motors Co. may force credit raters to take action and move the company closer to junk status, according to Bloomberg Intelligence.

Molly Smith | Bloomberg News
October 9, 2019
Government, Business

GM Strike Sends Another Knock to Wobbly US Steel Sector

Steel coils sit at an Ohio factory Galvanized steel coils await shipment at ArcelorMittal Steel's hot dip galvanizing line in Cuyahoga Heights, Ohio. (Mark Duncan/Associated Press)

With its midyear recovery already in doubt, the American steel industry now has a little more to worry about with each passing day a strike drags on at General Motors Co.

Joe Deaux | Bloomberg News
October 8, 2019

Union Says Talks With GM Have ‘Taken a Turn for the Worse’

Employee pickets outside the GM Fabrication Division in Parma, Ohio Charles Cooke, a 20-year employee, pickets outside the General Motors Fabrication Division on Oct. 4, 2019, in Parma, Ohio. (Tony Dejak/Associated Press)

The strike at General Motors Co. entered its fourth week with the United Auto Workers union and the carmaker at an impasse over investment in U.S. factories, overshadowing progress made in recent days on other key issues.

David Welch | Bloomberg News
October 7, 2019

GM and Ford Can’t Shake Anguish Over US Sales

General Motors Daniel Acker/Bloomberg News

General Motors Co. posted a quarterly sales gain, and Ford Motor Co. sales fell less than expected. But both are having trouble shrugging off concerns that the U.S. auto market is taking a turn for the worse.

October 2, 2019
Business, Logistics

GM Strike May Have Cost Over $1 Billion So Far, JPMorgan Says

General Motors Anthony Lanzilote/Bloomberg News

The workers strike at General Motors Co., currently in its third week, already may have cost the carmaker over $1 billion, JPMorgan analyst Ryan Brinkman wrote in a note to clients.

Esha Dey | Bloomberg News
October 1, 2019
Government, Business

GM Strike in US Leads to 5,000 Layoffs in Canada, Union Says

GEneral Motors Anthony Lanzilote/Bloomberg News

About 5,000 workers in Canada have been put on leave due to the United Auto Workers strike at General Motors Co. in the U.S., according to the union.

September 23, 2019
Business, Logistics

GM Makes Concessions on Big-Ticket Employee Health Care

UAW strike against General Motors Members of the UAW protest outside a General Motors plant. (Anthony Lanzilote/Bloomberg News)

As GM was nearing the expiration of its labor contract with the union last week, the carmaker sought to have hourly workers pay 15% of their health care costs, according to sources familiar with the talks. But by the time the company presented UAW with a deadline offer, GM walked back the proposal and called for keeping contributions steady at about 4%, said the sources.

September 18, 2019