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GM and the UAW confirmed that the deal creates a GM-funded, UAW-run trust to administer retiree health care. The two sides gave no details, but a person briefed on the contract said wages would stay the same for the length of the four-year deal, though there would be annual bonuses and lump-sum payments. The contract would also enable GM to pay some newly hired workers at lower rates, the person said on condition of anonymity.
The union said the agreement with the nation's largest automaker was reached shortly after 3 a.m. The UAW called off the strike about an hour later and said plants would resume operation with Wednesday's second shift at about 80 GM facilities across America.
At GM Canada, work was to resume with the afternoon shift at two car lines in Oshawa, Ont., which had closed Tuesday, laying off 5,600 people, because of a lack of U.S.-made components.
The U.S. contract must be reviewed by local UAW presidents and will then be subject to a vote of GM's 74,000 rank-and-file union members. The agreement is expected to set a pattern for contracts at Ford Motor Co. and Chrysler LLC.
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