Negotiations between the UAW and GM
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Three weeks into the United Auto Workers strike, signs of progress have emerged in talks between the union and General Motors.

In response to the UAW’s most recent proposal, which GM described as its sixth since negotiations began, GM provided a counteroffer.

“We believe we have a compelling offer that will reward our team members and allow General Motors to succeed. In a statement, GM said it was ready and willing to negotiate in good faith 24/7 to reach an agreement.

While numerous offers have been passed between the union and automakers for weeks, GM and the union have made some progress in a few key areas, according to a source aware of the negotiations.

There have been active talks and progress in negotiations this week, according to another source familiar with the negotiations.

In the UAW’s first strike, members walked out of one assembly plant at each of the three unionized automakers – GM, Ford, and Stellantis – on September 15. During Fain’s previous two Friday updates, he announced that the strike was being expanded to put more pressure on companies to improve their offers. After a week into the strike, he declined to expand the strike at Ford due to progress in those negotiations. Stellantis made 11th-hour progress the following week, so he declined to expand the strike there. However, General Motors has yet to make significant progress in talks before now, and the union has twice extended its strike.

To deal with the uncertainty caused by the strike, GM has secured a $6 billion line of credit to deal with $200 million in losses in the first two weeks of the strike.