Bloomberg Law
Oct. 26, 2019, 11:03 AM

GM Strike Ends After Almost Six Weeks at Cost of $2 Billion (1)

David  Welch
David Welch
Bloomberg News

General Motors Co. employees voted in favor of a new four-year labor agreement reached with the United Auto Workers, ending a nearly six week-long strike that has cost the company about $2 billion and rippled through the U.S. economy.

The union said the deal was approved by 57.1% of its members, enough to ratify the contract and stop the longest automotive walkout in 50 years. “General Motors members have spoken,” Terry Dittes, a UAW vice president and head of its GM department, said in a statement.

The union will next target Ford Motor Co. in its contract negotiations. The Dearborn, ...

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