The United Auto Workers ratified the first new collective bargaining agreement with General Motors after 2009′s managed bankruptcy kept the automaker alive. The deal is good for four years. The Detroit News reports : General Motors Co.
“„General Motors Co. rank-and-file approved the automaker’s proposed four-year contract with the United Auto Workers by a 2-to-1 majority, the union said Wednesday.
“„In the final tally, 65 percent of production workers and 63 percent of skilled trade workers voted in favor of the deal, ratifying a tentative agreement struck two weeks ago by GM and UAW bargainers. The new contract becomes effective immediately.
“„“The UAW and GM entered into this set of bargaining as America struggles with record levels of unemployment and an economy that shows little sign of improvement,” said UAW President Bob King in a statement released Wednesday morning.