GM Reaches Tentative Deal to End UAW Strike

The video discusses a tentative agreement between the UAW and major automakers to end a strike that began on September 17th. GM was the last to agree, facing challenges due to a high number of temporary workers and employees nearing retirement. All three automakers agreed to a 25% raise for hourly workers, with additional cost of living adjustments. The strike caused significant financial damage, with Ford reporting $1.3 billion in losses. The agreement still requires ratification by union members.

What were some of the sticking points in the negotiations for General Motors?

What percentage raise did all three companies agree to give to hourly workers?

What was the main outcome of the agreement between GM and the UAW?

When did the strike start, and how long did it last?

How did the strike impact Ford's financial situation?