Description: DETROIT (AP) — A tentative four-year contract with striking General Motors gives workers a mix of pay raises, lump sum payments and an $11,000 signing bonus. In return, the contract allows GM to proceed with factory closures in Lordstown, Ohio; Warren, Michigan; and near Baltimore.
Source: MarketWatch.com
Date: Oct 17, 2019
Questions for discussion:
- Summarize and evaluate the key points in the settlement.
- Is the deal a good one for the union, GM, the industry, or for the economy as a whole, in your opinion?
