GM Workers First of the Big Three to Approve UAW Deal

By
Kevin George
Kevin George
Full Bio
Kevin George is a freelance crypto writer and editor for Investopedia. He holds a master's degree in finance and has extensive knowledge and experience in the area of trading, markets, and economics.
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Published November 16, 2023
UAW workers picket outside of the General Motors (GM) parts facility on September 22, 2023 in Bolingbrook, Illinois.

Scott Olson/Getty Images

Key Takeaways

  • General Motors became the first of the Big Three U.S. automakers to approve a tentative deal with the UAW Thursday.
  • Of 46,000 union workers at GM, 36,000 voted and 55% were in favor of the deal.
  • Rival automakers Stellantis and Ford were on course for a more comfortable majority at around 65% to 35% at both firms.

General Motors (GM) workers have voted to approve a labor deal with the United Auto Workers (UAW) union, shifting the focus to rivals Stellantis and Ford (F).

Despite being the last of the Big Three to reach a tentative agreement, GM workers were the first to solidify it, with the company's vote-tracking site showing a margin of 55% to 45% in favor. Around 36,000 of the 46,000 UAW-represented workers voted for the latest wage and benefits changes.

General Motors' management reached their tentative agreement on Nov. 4, bringing an end to the UAW's six-week-long strike. The deal includes a 25% wage increase over the life of the contract, which runs to September 2027, with an increase of 11% upon ratification.

The UAW said the tentative agreement calls for more in raises than over the last 22 years combined. Some lower-paid workers were set to receive up to an 89% immediate wage rise as the union sought to end tiered working at the large U.S. automakers.

Votes for ratification at the other two automakers showed an overwhelming majority support the deal. Stellantis workers were showing a majority of 66% to 34%, while Ford workers were voting 67% to 33% in favor so far.

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Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.

  1. Google. "General Motors Ratification Vote Tracker."

  2. UAW. "General Motors Tentative Agreement."

  3. Google. "Stellantis Ratification Vote Tracker."

  4. Google. "Ford Tentative Agreement Ratification Vote Tracker."

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