Article of the Day: GM to Upgrade American Plants

Today it was announced that GM is committed to spend up to $8.3 billion to upgrade its 12 US plants, in accordance with it's contract with the UAW (United Auto-Workers). Along with improving the plant infrastructure, the union will receive it's first significant wage increases in a decade along with an $8,000 signing bonus to persuade workers to support the package. The union says that the $8.3 Billion would create/retain more than 3,300 jobs. The money includes $1.2 billion for a new paint shop, as well as $1.4 Billion for an expansion of the Arlington, Texas plant. There is also money planned for up to $60,000 in retirement buyouts, to compensate workers who had to previously take concessions over the years. Looks like they are invested heavily in America, which is good news for the auto-industry. What do you think, too much in worker pay and benefits? Tell us in the comment section below.

 

 

Check out the Full Article on AutoNews