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The Detroit Free Press has learned more details on when GM and the UAW will start the first phase of the $50,000 retirement buyout program.
On May 27, 2009, the U.S. Treasury advanced a secured loan of US$360.6 million to GM, and GM issued a note to the Treasury for US$360.6 million, plus $24.1 million USD as additional compensation for the warranty advance, pursuant to the terms of the Warranty Agreement dated December 31, 2008, between GM and the U.S. Treasury. The loan funded a ...
General Motors Financial Company, Inc. is the financial services arm of General Motors. The company is a global provider of auto finance, with operations in the United States, Latin America, Canada, Europe (which was sold to PSA Groupe and BNP Paribas following the sale of GM's core area businesses Opel and Vauxhall in a $2.2 billion deal), and ...
Hewlett-Packard (2008–2009) Website. www .eds .com. Electronic Data Systems ( EDS) was an American multinational information technology equipment and services company headquartered in Plano, Texas, which was founded in 1962 by Ross Perot. The company was a subsidiary of General Motors from 1984 until it was spun off in 1996.
November 4, 2023 at 3:32 PM. United Auto Workers President Shawn Fain said the tentative agreement the union struck with General Motors is the union's first step toward securing a better economic ...
DETROIT — General Motors union workers ratified a record deal with the United Auto Workers after a contentious final few days of voting, according to results posted Thursday morning by the union.
Union members will get an 11% initial wage increase and a pay bump of 25% over the course of the deal. The new contract also reinstates cost-of-living adjustments, lets workers reach top wages in ...
On September 17, GM stopped providing health insurance to 55,000 union members, [7] forcing the UAW to pay for COBRA. On September 26, it was announced that GM would start to pay health insurance again to people on strike. [8] On October 16, it was announced that GM and the UAW agreed on a new labor contract that ended the month-long strike.