United Auto Workers (UAW) union members at General Motors’ Flint assembly plant in Michigan have rejected a proposed contract with the automaker, according to the local chapter. The UAW Local 598 announced on Facebook that 51.8% of votes cast were against the deal. GM has chosen not to comment on the ratification process. The company’s shares fell about 1% in morning trade, reaching a three-year low of $26.34. This vote indicates that approval of the contract, which would significantly increase costs for GM, is not guaranteed. Workers at other GM plants will also vote on the agreement in the coming weeks. Union workers are currently voting on contracts from Stellantis, General Motors, and Ford Motor after the first coordinated strike against Detroit’s Big Three automakers. The vote at the Flint assembly plant, which produces the Silverado heavy-duty pickup truck, follows tentative deals reached between the Detroit Three automakers and the UAW to end a costly strike. The new agreement between the UAW and GM covers 46,000 workers and includes a 25% increase in base wage through April 2028, raising the top wage by 33% to over $42 an hour with estimated cost-of-living adjustments. Automakers have faced challenges in manufacturing electric vehicles and catching up with market leader Tesla. GM recently withdrew its full-year profit forecast and postponed a $4 billion electric truck plant in Michigan. In a separate development, the UAW announced that Mack Trucks, owned by Volvo Group, has informed the union that its offer to striking workers on October 1 was its final offer. Voting on the offer is tentatively scheduled for Wednesday, according to the union.
Have a tip we should know? email@example.com