Details about the tentative deal struck between General Motors and the United Auto Workers union last Friday are being released, and it would appear the union didn't do too bad for itself. Under the new agreement, General Motors has reportedly agreed to retain or create 6,400 union jobs as part of a $2.5 billion investment in future products and the plants that build them. Those product and plant investments include the following:
  • Reopening GM's Spring Hill, TN plant to build two new mid-sized vehicles
  • A new compact vehicle to be built at a plant to be determined
  • A new transmission program at the company's Warren, MI powertrain plant
  • A new engine program at the company's Romulus, MI powertrain plant
  • A new casting operation at a plant in Saginaw, MI
  • An additional production shift at the company's Wentzville, MO assembly plant
Automotive News reports that most of the above investments were originally slated for GM's Mexico operations but will now remain in the U.S. and contribute to the retention or creation of those 6,400 jobs.

Of course, in order to keep and create jobs, others must retire, and so the new accord between GM and the UAW will offer a $10,000 buyout to eligible employees who retire over the next two years and a whopping $65,000 buyout for skilled trades workers who retire between November 1 and March 31, 2012. GM has also agreed to make adjustments to the controversial two-tier wage structure established by the last agreement, raising the minimum wage for entry-level workers from $14/hour to $15.78/hour, as well as improving their health insurance and offering tuition assistance.

Current workers would also appear to make out well, with a record signing bonus of $5,000 if the contract gets ratified, as well lump sum payments of $1,000 in 2012, 2013 and 2014 in lieu of cost-of-living adjustments. Workers will also get a minimum profit-sharing payment in early 2012 of $3,500 based on GM's profits through June 2011, as well as an annual award of $250 if the company meets certain quality goals. All-in, current workers stand to pocket an extra $12K during the course of this new contract. How do you think this new deal rates? Take the poll and tell us why in Comments.



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    • 1 Second Ago
  • 175 Comments
      Polly Prissy Pants
      • 3 Years Ago
      This attitude of "Hey, my pay and benefits suck so they should suck for the other guy too" really blows. Instead of being jealous of those who have a job that pays a living wage and includes some sort of healthcare, we should be working to make sure everybody in this country has the same. I've never understood this defeatist, schadenfreude attitude that seems so prevalent in America today but at least it explains why we continue to vote against our own interests.
        • 3 Years Ago
        @Polly Prissy Pants
        [blocked]
        Dane Grant
        • 3 Years Ago
        @Polly Prissy Pants
        Very well said.... I might use this for my facebook page today...
      SooooRight
      • 3 Years Ago
      I am boycotting all union products to the best of my ability. Just bought a nice new 2011 non-union automobile like the last 5 cars before that. Suck it union hacks, including you wisconsin school "teachers"
        • 3 Years Ago
        @SooooRight
        [blocked]
        darkness
        • 3 Years Ago
        @SooooRight
        Don't forget to file for your socialist unemployment money.
        • 3 Years Ago
        @SooooRight
        [blocked]
          • 3 Years Ago
          [blocked]
      Mike K
      • 3 Years Ago
      I won't be buying any new GM vehicles while this contract is in effect. I refuse to support Government Motors giving their employees pay raises, buyouts, profit sharing, and sign on bonuses while the treasury department still owns 33% of the company. My taxes shouldn't be paying to better some unskilled workers life, while my quality of living slips and the government does nothing about it.
        You guy
        • 3 Years Ago
        @Mike K
        Its not the governments job to ensure your high standard of living.
          Mike K
          • 3 Years Ago
          @You guy
          I agree. But when a company that is 1/3 owned by the federal government is tossing around money willy nilly there should be a fail safe to stop it.
        ctsmith1066
        • 3 Years Ago
        @Mike K
        Maybe you should form a union.
        Making11s
        • 3 Years Ago
        @Mike K
        Completely myopic.
        MotorCityGreek
        • 3 Years Ago
        @Mike K
        1. You don't even know where your taxes go. They probably went towards some crazy lobbying effort in Dubai for all you know. 2. The sales of the remaining shares is a little more complicated that just "doing it." Read this brief story: http://gmauthority.com/blog/2011/05/united-states-treasury-to-not-sell-remaining-general-motors-stock-until-august-2011/ and even if the Feds sold now, they'd lose a couple billion. However, I see no reason as to why General Motors couldn't pay back the difference.
        darkness
        • 3 Years Ago
        @Mike K
        So if you hate the government you hate soldiers too.
          • 3 Years Ago
          @darkness
          [blocked]
          • 3 Years Ago
          @darkness
          [blocked]
        • 3 Years Ago
        @Mike K
        [blocked]
      • 3 Years Ago
      [blocked]
        You guy
        • 3 Years Ago
        Bush and the legislative branch under him are the ones who bailed out Chrysler and GM, not President Obama.
      • 3 Years Ago
      [blocked]
        Shawn Brinker
        • 3 Years Ago
        Yeah, good for you, why would anyone want to support American workers, or the American economy? That's sarcasm by the way.
          • 3 Years Ago
          @Shawn Brinker
          [blocked]
          • 3 Years Ago
          @Shawn Brinker
          [blocked]
        darkness
        • 3 Years Ago
        You mad because Borders closed and you can't get your free WiFi None?
      DaveB
      • 3 Years Ago
      I see that the uaw and gm are well on their way to screwing it up again and needing gov't welfare!
      emperor koku
      • 3 Years Ago
      Today, the union proved it is still relevant. Without the union, these jobs would have left the country.
        tkosoccer03
        • 3 Years Ago
        @emperor koku
        really? is that why toyota builds a more "american" car here in the states? you're just stating a fallacy that has been tossed around so much, people think we need unions to build good cars and to have jobs. it's nonsense... the truth of the mater is that the UAW has increased cost for the big 3. i'm not saying the workers don't deserve everything they get.. but when total compensation for toyota plant workers is 60% that of big 3 workers, it's not mystery why jobs were exported..
          The_Zachalope
          • 3 Years Ago
          @tkosoccer03
          I didn't realize that Toyota built the Ford Explorer, which is the most American vehicle.
          • 3 Years Ago
          @tkosoccer03
          [blocked]
          • 3 Years Ago
          @tkosoccer03
          [blocked]
      P.Z. Dawkins
      • 3 Years Ago
      If you're mad about the UAW getting a sweeter deal than you do at your job, then maybe you should try getting unionized yourselves instead of spewing nonsense-filled bile on the internet.
        • 3 Years Ago
        @P.Z. Dawkins
        [blocked]
        Random Guy
        • 3 Years Ago
        @P.Z. Dawkins
        Unions are illegal in some states such as FL...
        Brand X
        • 3 Years Ago
        @P.Z. Dawkins
        I know a guy who works at GM Powertrain Plant in Buffalo and he makes $128,000 SWEEPING the floors. True story. Plus benefits, and he owns a night club too. He worked a lot of years to get the job he really wanted at top rate at GM, but what is sad to me is the TENURE attitude. Those with tenure in unions tend to get the easy, cake jobs while making the most money. In the real world, a company couldn't survive paying top dollar for the least productive employees. The worst part about this all, is that the Union guy could care less about the company, only the contract he gets paid under.
          • 3 Years Ago
          @Brand X
          [blocked]
          TelegramSam
          • 3 Years Ago
          @Brand X
          I've dealt with a number of execs, in large companies who are extremely unproductive, to the point of being counter productive. They get paid tons of money, and throw their subordinates under the bus. At least your friend received a break for himself, while doing no harm. If all he did was sweep the floors, I owe him no malice for getting a good deal for himself.
          • 3 Years Ago
          @Brand X
          [blocked]
          • 3 Years Ago
          @Brand X
          [blocked]
        • 3 Years Ago
        @P.Z. Dawkins
        [blocked]
      char
      • 3 Years Ago
      UNION JOBS CREATE UNION SLOBS! my hard earned dollar will not go anywhere near a union vehicle. UAW is a infected mosquito on the neck of a cancer patient... only help kill what ever host it latches on. Dont you know your not supposed to give away money that is not your's...
        • 3 Years Ago
        @char
        [blocked]
      • 3 Years Ago
      [blocked]
      MotorCityGreek
      • 3 Years Ago
      More jobs. Everybody wins. I can't believe the radical words in these comments.
        • 3 Years Ago
        @MotorCityGreek
        [blocked]
          • 3 Years Ago
          [blocked]
      • 3 Years Ago
      [blocked]
        Mike K
        • 3 Years Ago
        Problem is Obama is buddy buddy with all the labor unions. He don't give a crap if he runs the country into the ground, as long as poor unemployed uneducated americans, union workers, and GE & BP get paid. That's all he cares about.
          • 3 Years Ago
          @Mike K
          [blocked]
        Making11s
        • 3 Years Ago
        "BP get paid"? Are you f*****g kidding me? Is the American memory really so faulty? Our government has gone after BP for billions and billions, and they will end up paying over $30B when all in said and done. It was the Tea Party and GOP who cried about the big bad government picking on poor little BP when it was BP who ignored the cement tests that said it was faulty and it was BP's cut rate, POS drilling operation blew up and spent months letting millions upon millions of gallons of oil flow in to our oceans.
        inkarri
        • 3 Years Ago
        GOVERNMENT MOTORS!?!?!? That's so funny! Did you come up with that all by yourself?!?!
        • 3 Years Ago
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