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Saturday, November 4, 2023

UAW says GM outlines EV investment plans, will raise wages

The United Auto Workers union has reached a tentative contract deal with General Motors that includes investments in electric vehicles and wage increases for US hourly workers. The agreement follows a similar pattern set at Ford and Stellantis, providing base wage increases and improved conditions for temporary workers. The contract will raise wages for over 7,000 UAW workers in GM component plants, service parts warehouses, and subsystems operations. UAW leaders will now seek approval from union members at the Detroit Three.

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Economic growth likely to pick up on festive, rural demand: RBI

India's economic growth is expected to improve in the latter half of FY25, driven by festive activity, rural demand, and agricultural gr...