Detroit-based automaker General Motors Co (NYSE:GM) has reached a tentative agreement with Canadian workers’ union Unifor after the workers went on strike at midnight.
What Happened: Work resumed at all the GM facilities on the receipt of the agreement which includes a base hourly wage increase of nearly 20% for production workers. General wage will increase 10% in the first year, 2% in the second, and 3% in the third year of said agreement.
Strike actions are now on hold to allow the members to vote on the tentative agreement.
Unifor kickstarted strike action against General Motors at midnight after the ...