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:
It turns out the 24-page document we showed you last week was not the full UAW-GM contract the two parties negotiated after an historic 40-hour strike, but rather a highlights booklet to make the nuts and bolts of the deal easier for the union's rank and file to digest. The real contract, called the "white book" by union members, has also now hit the web. We found it hosted at Factoryrat.com, all 82 pages of legalese. Some mainstream outlets found the "white book" too and began sifting through i
UPDATE: According to Automotive News, the deal also stipulates GM agrees to new-vehicle programs at 16 U.S. plants.