While the GM facilities affected by the UAW’s Stand Up Strike are currently back in operation, some of the unionized workers who participated in the strikes went for weeks without a paycheck. As a part of the tentative agreement reached between General Motors and the union, the former will provide extra financial support for workers who were striking or laid off to help recoup their losses.
According to a report from Automotive News, workers who were on striking or laid off will be paid roughly $110 per day for each work day missed. All told, this could translate to thousands in compensation for workers who participated in the first batch of strikes.
It’s worth noting that the UAW supplemented striking workers with $500 a week, and had an $825 million strike fund when negotiations with the Big Three began.
This extra money is intended to allow workers who missed work to catch up with other unionized workers who did not end up going on strike. Additionally, this infusion is not part of the ratification bonus all workers will receive if the contracts are approved.
Notably, the ratification bonus at Ford and Stellantis is $5,000.
That being said, the tentative agreement is under review by the UAW GM council before the automaker’s 46,000 unionized members are invited to ratify it or not. While the exact details are mute at the moment, the proposed contract bears similarities to those the union negotiated with rivals Ford and Stellantis.
The tentative end of the strikes is good news for The General, as it was estimated that the Detroit-based automaker lost upwards of $800 million in revenue even before the GM Arlington and GM Spring Hill plants were idled.