General Motors Co. will invest $2.5 billion and save or add about 6,400 jobs in the U.S. under the proposed four-year contract covering its United Auto Workers employees.
If ratified, the 48,500 UAW members who work for GM will be guaranteed $12,500 in assorted bonuses over the next four years, UAW President Bob King said Tuesday in a media briefing at the GM-UAW Center for Human Resources Center off Jefferson Avenue.
Earlier in the day, King and Joe Ashton, the union's vice president for GM, briefed local union presidents on the tentative contract. Local leaders then voted to recommend it for ratification to their membership. They'll now return to their respective plants to brief the rank-and-file, who will vote on the contract in the next week.
"One of our main objectives is jobs, and I think we met that objective," said Ashton, adding that 11,400 jobs have been recovered over the last two years, and there will be 6,500 more over the next two years.
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