General Motors reached a tentative agreement with the United Auto Workers to end a six-week-old strike with similar terms to the deal signed earlier by Ford, according to people familiar with the matter.
The deal includes a 25% hourly pay raise plus cost-of-living allowances over the more-than-four-year contract, according to the person, who wasn’t authorized to speak publicly. GM’s tentative agreement has similar economic terms to Ford’s but it is unclear if there are differences terms including in retiree benefits, which has been a sticking point, according to the person.
