World Economy

GM-UAW Deal Blocked

GM-UAW Deal BlockedGM-UAW Deal Blocked

General Motors Co.’s tentative agreement with the United Auto Workers was rejected by skilled-trades workers, preventing the ratification of a contract that would have delivered more than $2 billion in improved wages and benefits over the deal’s four-year term, Bloomberg reported. The UAW said Friday it will hold meetings at each worksite over the next several days to determine why the skilled-trades workers voted no by almost a 3-to-2 ratio, then the executive board will meet to determine a course of action.