Temporary workers would receive a bonus of US$4500 for ratification, up from US$2,000 in 2015. The company would pay the bonuses during the second payment period after the agreement is ratified. A $12,000 cap on profit-sharing will also be removed, and permanent employees will continue to receive $1,000 for every $1 billion in pre-tax profits GM makes in North America. The proposed interim agreement will be considered Thursday by the National Council, nearly 200 local union leaders who will meet Thursday at 10:30 a.m. .m in Detroit. If they agree, what will be formally a provisional agreement will be subject to ratification by GM personnel represented by the UAW. At this time, the work stoppage is underway, although now that the UAW-GM National Council has sent a preliminary agreement to members, employees of GM suppliers may soon return to work. However, a ratified treaty is not guaranteed. The UAW has been on strike since September 16 and the action has slowed down about 46,000 workers. Among the issues of contention are health services, wages, the protection of temporary agency workers and job security, as well as the union`s demand to stop the import of genetically modified vehicles manufactured in other countries, such as Mexico. UPDATE 4:1019 p.m., 11:.m 30 a.m.: The Associated Press reported that the United Auto Workers and General Motors have reached a preliminary agreement that still needs to be voted on, first by union committees and then by the entire union membership. The proposed contract is for a period of four years. Tuesday`s Reuters report, which cites two uninscited people with knowledge of the negotiations, said GM executives CEO Mary Barra and Chairman Mark Reuss had been involved in negotiations with representatives of United Auto Workers and were expected to fix the final details before announcing a deal on Wednesday.
Barra also met with UAW officials on Oct. 9. GM plans to invest $7.7 billion $US representing 9,000 jobs created and maintained, according to the pages of the deal obtained by The Detroit News. The 2015 contract contained a commitment of $US 8.3 billion. UPDATE 5:1019 p.m., 3:30 p.m.m: Automotive News reports this afternoon that the terms will be discussed in the proposed deal. The UAW GM Council met today for most of the day, but has yet to recommend a ratification vote. Under the terms of the interim agreement, the Hamtramck plant near Detroit, which currently employs some 800 people to build the Cadillac CT6 and Chevrolet Impala, would not close as planned, and GM will build its future electric truck there; But the assembly plant in Lordstown, Ohio, as well as transmission facilities in Michigan and Maryland, would be permanently closed….