Sources: GM offers 2% raises in UAW contract, ends health care

[Yo_Mama_Been_Loggin]

General Motors stopped paying for health care coverage for striking workers Tuesday, the company confirmed.

That means striking GM union workers are eligible for union-paid COBRA to continue their health care benefits.

"We understand strikes are difficult and disruptive to families," GM said in a statement. "While on strike, some benefits shift to being funded by the union’s strike fund, and in this case hourly employees are eligible for union-paid COBRA so their health care benefits can continue."

The latest development added to tension as GM and the UAW returned to the bargaining table Tuesday morning. The two sides negotiated until around 9 p.m. Monday, sources said.

Meanwhile, more details emerged about GM's offer to the UAW. Two sources familiar with GM's offer said it called for a 2% wage increase for the first and third year of the four-year contract and 2% lump sum payments the second and fourth years.

https://www.msn.com/en-us/news/us/sources-gm-offers-2-raises-in-uaw-contract-ends-health-care/ar-AAHqRV8

[Wellstone ruled]

1. Not good,

looking like we are seeing a long one. GM is loving this,it gives them time to clean out their Stove Piping Inventories and dogs on the Dealer floor Plans. Workers get the shaft once again. Wall Street is loving this one. Stock rose a buck a share today.

[Jacoby365]

2. That amounts to a 4% raise over four years.

A lump sum instead of a raise for each of two years when GM has huge profits? Sounds like a crappy deal to me.

[safeinOhio]

3. They had more than enough cash on hand

for massive stock by backs.