VIEW: GM's latest offer to the UAW
DETROIT (FOX 2) - General Motors shared highlights of its latest offer to the UAW as the strike nears one month.
Read more UAW strike coverage here.
Though some parts of the offer have been in existing offers, others, such as the reinstatement of cost of living adjustments, are new.
This offer comes as the Big Three have been facing more additions to the picket line. Last week, GM narrowly avoided the union targeting its Arlington, Texas plant after agreeing to put its battery manufacturing plants under the UAW master agreement.
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Wages
GM said regular employees who are UAW members will get a 20% wage increase over the life of the contract, with a 10% raise in the first year. Most regular, full-time employees will make $39.24 in base wages by the end of the contract.
Temporary employees' wages will be increased to $20 an hour.
Cost of living adjustments will be restored for employees at the max wage in the second year. This is a new change - as of Friday's update with UAW President Shawn Fain, the automaker hadn't yet agreed to restore cost of living adjustments.
Retirement benefits
The automaker said it will increase its company contribution from 6.4% to 8% of wages for in-progression progression. It will also increase its contribution for healthcare in retirement from $1 to $1.25 for active in-progression employees.
GM will also make a $1,000 payment to active traditional employees' contribution plans.
Temp/in-progress employees
In addition to the wage increase for temporary employees, all active, full-time temporary employees who have worked one year would be converted to step-one in the progression.
GM said the progression timeline to max pay will be cut in half to four years.
Time off
GM highlighted a previously shared time off plan, which includes the addition of Juneteenth as a holiday, two weeks of paid paternal leave, and up to five weeks of vacation.