How General Motors Just Won a Big Labor Battle
A long strike that derailed production of one of General Motors' (NYSE: GM) most popular new models has been resolved.
Workers at a GM factory in Ontario that makes the popular Chevrolet Equinox crossover SUV returned to work on Monday night after ratifying a new four-year contract with GM. The roughly 2,800 workers had been on strike since Sept. 17.
Although the workers voted to approve the new contract by a wide margin, they did so knowing that the union didn't get what it most wanted: A promise from GM to keep the factory busy long-term.
Source: Fool.com
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