TU-TESL

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(photo source: Auto official website) according to foreign media, after GM Workers approved the new contract agreement, the UAW said Friday (October 25) that the Union would choose Ford as the new negotiation target. The UAW said 57% of GM workers voted to pass the agreement, ending a 40 day strike, the longest since 1970. In a statement, Mary Bora, GM's chairman and chief executive officer, said that the new contract recognizes the contribution of employees to GM's achievements. GM will provide excellent wages and benefits to U.S. workers, as well as additional investment and job opportunities to the U.S. market. UAW revealed that the Union and Ford will have a dialogue on Monday (October 28). Ford and UAW said earlier this month that they have made substantial progress in resolving a number of contentious issues. Ford said Friday it hopes to reach a fair deal that will help it improve its competitiveness and retain better paid production jobs. Unlike GM, Ford has no intention of shutting down the plant, but its managers have said that the number of hours needed to produce electric vehicles will be reduced by 30% in the future. UAW leaders are worried about the impact of electric vehicle production on employees. In addition, GM did not want to reduce the share of the UAW health care program, but given that Ford has 55000 employees in the United States, this will be a huge expense for Ford. During negotiations with GM, UAW also agreed to temporarily extend its contract with Ford. The talks between GM and UAW are more intense, and the labor union also claims that GM is trying to starve the workers on the front line to death, but Ford's relationship with the labor union has been more harmonious before. Bill Ford, executive chairman of Ford, once called UAW his family and praised Ford's relationship with hourly workers in September 2018. "UAW not only makes our employees better, but also makes Ford better and stronger," Bill Ford said last year Under the new four-year contract, GM workers will return to work as early as October 26, and the 40 day strike has cost GM more than $2 billion and 300000 vehicles. GM will try to make up for the reduced production in the coming months. As part of the new deal, the union demanded higher wages and benefits from GM. UAW leaders have recommended that GM workers, who are still on the front line, approve the agreement reached on October 16. GM's strike began on Sept. 16, when UAW negotiators demanded higher salaries, better job security, more share of profits and health benefits for employees. Other issues include the "fate" of GM's planned plant closure and the use of low wage temporary workers. The labor department said Friday that GM's strike will cut at least 46000 workers from non-agricultural payrolls in October. Under the new contract agreement, GM will invest $9 billion in the United States, including $7.7 billion in direct factory investment, while the rest will be invested in joint ventures. It is reported that GM said that it will create or retain 9000 new UAW jobs, most of which are new jobs. In addition, the new agreement requires GM to provide workers with a $11000 signing bonus and promises to increase wages.