trending Market Intelligence /marketintelligence/en/news-insights/trending/XEZiTi8esz-ob4MbTw002Q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

GM, UAW propose tentative 4-year labor deal

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


GM, UAW propose tentative 4-year labor deal

The United Auto Workers and General Motors Co. proposed a new four-year labor contract on Oct. 16 that will now pass to a broader swath of union members for approval, according to the union.

The UAW GM National Council will review the proposal on Oct. 17 and decide whether to continue the strike of more than 48,000 GM workers that began Sept. 16 when the two parties failed to reach a deal.

UAW spokesman Brian Rothenberg said no details about the agreement will be released until after the Oct. 17 council meeting. The UAW said in a statement the proposal represents "major" gains for union members.

GM on Oct. 16 also confirmed the proposed agreement and said additional details will be provided at an "appropriate time."

If the union council votes to approve the proposed deal, it will be passed to all of GM's UAW members for final approval.

On Oct. 15, GM Chairman and CEO Mary Barra and GM President Mark Reuss met with UAW officials at the bargaining table.

The weekslong strike caused a shortage of auto parts for GM in North America, prompting temporary layoffs of more than 10,000 non-UAW workers, according to CNBC.

The Center for Automotive Research said the strike has cost GM approximately $450 million a week and the UAW about $12 million a week from strike pay costs. On Oct. 12, the UAW increased GM workers' weekly strike pay to $275 from $250. Other experts estimated losses from $50 million to $100 million per day of the strike for GM.