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GM deal clears way for lower-wage hires

DETROIT - General Motors Corp will be able to replace roughly a quarter of its factory workers with lower cost hires under the tentative contract reached last week with the United Auto Workers union, according to Reuters.

The tentative contract identifies "in excess of 16,766" union-represented jobs that could be filled with new hires at roughly half the cost of current workers, according to a text of the document.

A majority of GM's 73,500 UAW-represented workers must ratify the proposed contract in a series of local votes expected to conclude next week.

Posted by Peter C. T. Elsworth  at 12:01 PM to GM , Unions | Permalink

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