Setback For GM As Flint Plant Workers Vote Against New UAW Deal: Report

General Motors Company GM reportedly faces a setback as workers at its Flint assembly plant in Michigan, represented by the United Auto Workers (UAW), have narrowly voted against a proposed contract.

This decision adds a layer of complexity to the ongoing negotiations between the automaker and the union. The voting outcome was announced by UAW Local 598, revealing a narrow margin with 51.8% opposing the deal, according to a report from Reuters.

Workers at the automaker's other plants are expected to vote on the agreement in the coming weeks, the report noted.

This development occurs amidst the UAW's broader efforts to secure contracts for workers across Chrysler-owner Stellantis N.V. STLA, GM, and Ford Motor Co F following recent strikes against the automakers.

The vote results in the Flint assembly plant, reportedly known for manufacturing the popular Silverado heavy-duty pickup truck, comes at a time when the prolonged strike led to tentative agreements between the automakers and the UAW in recent weeks.

Also ReadToyota Announces Wage Increase For US Factory Workers After UAW Secures Pay Hikes With Detroit Three

Price Action: GM shares are trading lower by 0.54% at $26.50 on the last check Friday.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EquitiesNewsMarketsGeneralAI GeneratedBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!