Detroit The strike at the largest US carmaker General Motors (GM) comes to an end after 40 days. Employees have agreed to a new collective agreement, as the auto union UAW announced on Friday in Detroit. Therefore, the longest standout in the US auto industry for nearly 50 years now ended. GM had already reached a preliminary agreement with the UAW on Wednesday last week, but employees still had to ratify it.
Many employees of the US auto giant had resigned on 16 September after failed negotiations, the work. The UAW called for fair pay and affordable health insurance. In addition, she wanted to win participation in profits and job security. Among other things, the compromise that has now been achieved provides significantly more salary and substantial bonuses. In addition, GM secured, to receive thousands of jobs with billions in investment in US production.
It was the first time in twelve years that GM was on strike. The strike is likely to have caused the group according to analysts costs of about two billion dollars (about 1.8 billion euros).
The agreement between the UAW and GM also points the way to the collective bargaining that is now following with the other two major US auto companies ford and Fiat Chrysler, Investors took the news of the strike earlier this weekend that GM's shares did not show much reaction in after-hours trading.
More: The market share of US car makers in China is falling. By contrast, German manufacturers are increasing.
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