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Tentative Pact May End GM Walkout

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From Bloomberg News

General Motors Corp. and the United Auto Workers reached a tentative agreement to settle a transmission plant strike that closed four of the company’s U.S. assembly plants, a union official said.

Since 2,700 workers walked out early Wednesday in Warren, parts shortages have spread, idling 16,500 GM workers at assembly plants in Michigan and Ontario.

UAW workers at the Warren plant will vote on the agreement Sunday. If they approve it, they’ll return to work Monday, making additional plant closures unlikely.

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Details of the settlement weren’t immediately available.

Earlier Friday, Al Benchich, president of UAW Local 909 at the plant, said he anticipated a settlement that would add “a few hundred” new jobs to the plant’s blue-collar payroll.

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