GM Reaches Labor Contract, Pledges to Add 5,100 Jobs


Factory workers at General Motors have approved a new four-year contract with the company.

Auto worker works on assembly line at GM Lansing Grand River plant.

The United Auto Workers union said 65 percent of production workers voted in favor of the deal. About 63 percent of skilled trades workers also favored the contract. Voting by GM's 48,500 blue-collar workers ended on Wednesday.

Most of the workers won't get annual pay raises under the contract. But they'll get signing bonuses, profit-sharing checks and other payments totaling at least $11,500 during the next four years. GM has also promised to add at least 5,100 jobs.

Entry-level workers who make around $15 per hour will get pay raises of about 20 percent.

The pressure is now on for bargainers to reach contract agreements at Ford and Chrysler.