At this point, it's all over but the accounting.

On Monday, Oct. 30, 2023, the United Auto Workers (UAW) labor union representing workers at Ford Motor Company (NYSE: F), General Motors Company (NYSE: GM), and Stellantis (NYSE: STLA) called a halt to its six-week-long strike at Big 3 automakers automotive plants. The return to work followed GM's agreement this week to join Ford and Stellantis in offering UAW workers an historic deal -- more pay raises over the next four years, than they've received in the past two decades combined.

The pay hikes won't go into effect until UAW workers ratify the contracts, a process that could take a few more weeks to happen. But once it does happen, unionized American autoworkers can expect to receive a total increase of 25% to their maximum hourly wage over the next four years. Additionally, the time to rise from entry-level wages to the top will shrink to just three years.

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Source Fool.com