![]() The new contracts will significantly raise costs for the automakers. ![]() These corporations had no idea what was coming for them.” “We wholeheartedly believe our strike squeezed every last dime out of General Motors,” UAW president Shawn Fain said in a video address on Monday. The accord follows deals reached in the last few days by the union with Ford Motor and Chrysler-owner Stellantis, in what amounts to significant victories for auto workers after years of stagnant wages and painful concessions made by the union following the 2008 financial crisis. NEW YORK: General Motors (GM) and the United Auto Workers (UAW) say they have struck a tentative deal that will end the union’s unprecedented six-week campaign of coordinated strikes that won record pay increases for workers at the Detroit Three automakers.
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