Basic Motors and the United Auto Staff union had been near a settlement on Tuesday to conclude a 30-day strike that has cost the auto manufacturer about $2 billion after Chief Executive Mary Barra, and President Mark Reuss participated in contract discussions, according to two people briefed on the topic.
While a final settlement has not been declared, the No. 1 U.S. auto manufacturer and the union have agreed on most points; however, had been finalizing the wording on some issues, said the people, who asked not to be recognized as the talks were underway. A settlement will likely be declared Wednesday.
GM refused to comment on the involvement of its top two officials in the discussions. A UAW spokesperson declined to comment.
On Monday, the UAW scheduled a meeting for Thursday morning to update local union representatives on the status of the discussion, sources previously mentioned.
Barra had met with UAW President Gary Jones and the union’s head GM mediator, Terry Dittes, on Oct. 9 to push for a swift resolution to the strike. Before that, UAW delegates were urging Barra to get involved in the talks.
The strike started on Sept. 16, with around 48,000 hourly workers of the UAW union at GM seeking increased pay, greater job security, a more significant share of revenue, and protection of healthcare benefits. Other points on the table included the fate of facilities GM has indicated it may close, and using temporary workers.