US President Joe Biden signed a deal on September 13, 2023 between General Motors and the United Auto Workers (UAW), ending the strike. Under the agreement, GM will give its workers an average wage increase of 10% and also increase their benefits.
A tough spot
After signing the agreement, Biden said, “This is a historic victory. It is a victory for workers and their families, and it is a victory for our country.”
UAW President David Durbin said, “This was a long and difficult negotiation, but in the end we reached an agreement that is a victory for our workers.”
Under the agreement, GM will give its workers an average wage increase of 10%. This increase will be phased in over three years, with the first increase of 10% taking effect on October 1, 2023.
The agreement also includes new benefits for GM workers, including:
- A new pension plan
- A new health insurance plan
- A new vacation plan
The end of the strike is a major victory for American workers. This agreement provides workers with wage and benefit increases, which will help to strengthen their economic security.