“At the 17 October meeting, the Council will decide whether the strike will continue until the end of ratification or whether the strike will end when the agreement is approved by the Council,” the union said. General Motors and the UAW reached an interim agreement on a new contract on Wednesday, the 31st day of a national strike. GM confirmed in a statement that the proposed interim agreement had been reached and that “additional details will be provided in due course.” The company`s shares closed up 1.1% on Wednesday, while major market indexes were down. GM shares have fallen nearly 6% since September 13 before the strike began. Details of GM`s latest offer came over the weekend, and Reuters reported that the company had increased the amount it planned to invest in the United States to about $9 billion from its previous $7 billion offer. This figure is unchanged in the final agreement, said a person briefed on the issue. The agreement will include salary increases, a ratification bonus of at least $9,000, GM`s promises to create or maintain 9,000 jobs over the next four years, a way for temporary workers to become permanent, and other elements. “It`s more painful, but perhaps more prudent to continue the strike, only in case it doesn`t ratify,” she said. “If members are not thought to vote by an overwhelming majority, they maintain their influence in the event of a strike while considering the provisional agreement.” About 200 local union leaders representing GM employees are expected in Detroit on Thursday for a National Council meeting to vote on the provisional agreement to join the UAW and the date of the end of the strike. The proposed interim agreement will be reviewed by the National Council of GM, which was convened Thursday morning for a meeting in Detroit. If approved by the Council, the proposed pact will be subject to ratification by GM staff represented by the UAW.

People close to GM and UAW told the Free Press that it was important to get a new interim contract with Aramark at about the same time as with GM. Otherwise, UAW workers face the possibility of both parties crossing each other`s pickets. The United Auto Workers (UAW) union announced an interim agreement with General Motors after weeks of negotiations and one of the longest strikes in the company`s history. The UAW GM National Council will vote on a new interim agreement on Thursday in a possible end to the national strike, GM plants set fallow. Bill Pugliano/Getty Images hide caption UPDATE 10/16/19, 11:30 a.m. The proposed contract has a four-year term. Plus: GM, UAW proposed to reach the provisional agreement; The strike continues “The main priority of the national negotiating team was to ensure a strong and fair contract that our members deserve,” Dittes said in a statement. Out of respect for the members, the union said it would not comment on the details of the agreement until Thursday`s meeting. Two sources familiar with the situation said the agreement followed the basic outlines of proposals that GM presented twice last month. It is expected to include at least $9 billion in new investments, the creation of 9,000 jobs, the maintenance of health insurance services without increased costs, ratification bonuses of $11,000, uncapped profit distributions, 3% increase in basic wages over two years and 4% lump sum premiums for the remaining two years of the proposed four-year contract.