Stock Spotlight: General Motors struggles to shift gears as strike concludes

Six weeks of strikes

Elliot Gulliver-Needham
clock • 5 min read

As General Motors negotiates a deal to end the six-week campaign of coordinated workers' strikes against the company, the US carmaker is struggling to overcome the aftermath.

The United Auto Workers union's strike, which began on 15 September, was one several coordinated strikes against all three Detroit automakers, including Ford and Chrysler, the first time the trio were all struck at once. DM's strike ended on 30 October and David Whiston, equity strategist at Morningstar, said that the tentative agreement reached between the company and the union included more wage increases than  had rolled out for the past 22 years combined, with base wages jumping by 25%. Meanwhile, pay for veteran workers is set to increase by 33% and GM will give $2,500 in five pa...

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