GM deal with UAW includes closing three US plants, $11,000 'ratification' bonuses
Source: CNBC
DETROIT – The United Auto Workers’ proposed tentative deal with General Motors includes the closure of three U.S. plants, including a large assembly plant in Lordstown, Ohio, according to the union.
The plants, including two powertrain operations in Michigan and Maryland, had been earmarked in November to end production this year, but the Detroit automaker had to negotiate the closures as part of contract negotiations with the union. A parts distribution facility for GM in Fontana, Calif. also would close under the four-year deal.
A fourth plant in Detroit assembly plant that was also slated for closure, as previously reported by CNBC, will be spared to build a new all-electric pickup for the automaker, if the deal is ratified. The plant is still slated to end production of the Cadillac CT6 and Chevrolet Impala by January.
A timeframe for production of the pickup and the complete closures of the other U.S. facilities was not disclosed by the union, however the three plants were already idled by the automaker earlier this year. GM declined to comment.
Read more: https://www.cnbc.com/2019/10/17/gm-deal-with-uaw-includes-closing-three-us-plants-11000-ratification-bonuses.html
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