DETROIT (AP) — Factory workers at General Motors have overwhelmingly approved a new four-year contract with the company that includes profit-sharing instead of raises for most workers and promises thousands of new jobs.
The United Auto Workers union said Wednesday that 65 percent of production workers voted for the deal, while 63 percent of skilled-trades workers such as electricians were in favor. Voting by GM's 48,500 blue-collar workers ended on Wednesday.
GM was the first company to reach a deal with the union, which is now negotiating with Ford Motor Co. and Chrysler Group LLC. The GM pact is a template for the others, but there will be differences. The deal sets pay and benefits for more than 112,000 auto workers nationwide, and influences pay at foreign-owned auto plants in the U.S., auto parts supply companies and for other manufacturing businesses.
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