UAW trying to convince their members of taking up the offer by GM

The leaders of UAW have a week to convince their members to ratify a new contract which has been proposed and as per experts the task is not going to be easy.

The stakes have been higher than the earlier years as UAW and General Motors Co have proposed on a ratification bonus of $11,000 to reimburse more than the wages which have been lost owing to the strike. The UAW has also negotiated a path to the employment permanently for the temporary workers in order to retain the benefits of health care winning yearly bonuses and raises and direct plant investments worth $7.7 billion.

Even as the tentative agreement between the two parties is under consideration by over 48,000 members, the strike will be continuing till at least Friday 4 PM. Every additional day of the strikes has been costing GM, suppliers as well as the local economy in addition to the obvious cost to workers. They cost end up going in the range of tens of millions of dollars.

A few of the members have said that they still plan to vote negative on the first contract that is presented to them irrespective of what it contains. Others have said that only if this agreement is lucrative in terms of the amount of money which is attached to it.

A lot of the residents have criticized the contract for having loopholes and many of the employees have said that accepting the contract will be taking away the very purpose of the strike which according to the employees was to ensure job security for them.

However, there are a few who think that rejecting this contract would mean that the company might not offer any more contracts.

David Sandefur

David Sandefur has gained a lot of experience in business and market analysis. He is one of the top assets for Chemical Industry Reports news portal. He is assigned with the title of “Gem” owing to his efficient way of managing the allotted responsibilities. He is competent in expressing terminologies and concepts related to business, finance, market, and industries. He had worked as a business analyst in the production industry for almost 4 Years with a total experience of 7 Years. These qualities and experience have served him the role of leading the columnists’ team at Chemical Industry Reports news portal. He has accomplished his Master’s degree in Accounts.

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Mini Cans Bring Brisk Business to Coca-Cola, Attracts Millennials

Fri Oct 25 , 2019
Coco-Cola strikes the right chord by introducing small size cans, especially youngsters. The taste of Coco-Cola has been attracting many to its flavor. Now, the new small 7.5-ounce can is adding new customers, bringing in strict diet followers too, says the CEO in the conference call. CEO James Quincey states […]
Mini Cans Bring Brisk Business to Coca-Cola, Attracts Millennials