General Motors has reached a tentative deal with the UAW on a new four-year contract, sources talking to WWJ Newsradio 950 have confirmed.
After tentative agreements were already reached between the union and Ford and Stellantis, this would bring an end to the strike against the Big Three.
"We're just getting word of that," WWJ Auto Beat Reporter Jeff Gilbert reported, Monday morning. "It has not officially been announced by the UAW, but we have been able to confirm through some of our sources that it is true...and that would be the third of three deals to wrap everything up."
"It won't be official until the UAW announces that, and they often take their time in doing that, but this is very good news and it does appear that all three tentative deals are in order as we get more details, we'll have them for you."
Gilbert said GM agreement is expected to be very similar to the deals made for Stellantis and Ford — to include a 25% wage hike, a $5,000 ratification bonus, cost of living adjustments and more.
This development comes after on Saturday the UAW announced it has reached a tentative agreement with Stellantis, the maker of Jeep, Chrysler, Dodge and Ram, with the union’s national Stellantis council set to meet on Thursday to review the agreement.
At the height of strike, which began Sept. 15, 45,000 UAW workers were walking picket lines across the U.S.
While not yet confirmed, Gilbert said it's assumed that GM employees will be headed back to work while work to ratify the deal is ongoing; as that's that Ford and Stellantis workers have done.
On week ago, the Anderson Economic Group put the cost of the strike at $9.3 billion.
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