The autoworkers’ union said Wednesday that General Motors agreed in a tentative new union contract to invest $1.9 billion in its U.S. operations.
UAW has been pressuring the company to add jobs at home, particularly since GM has expanded its plants abroad, including plans to invest $3.6 billion in Mexico.
The commitment to invest $1.9 billion comes on top of GM’s promise earlier this year to spend $6.4 billion in U.S. operations.
These investments will add or secure 3,300 jobs in America with its new domestic spending commitment, UAW said Wednesday.
The union released details of the tentative agreement negotiators landed over weekend after UAW leaders approved the terms on Wednesday.
The proposed contract still needs approval from all of UAW’s GM workers.
An overview of the terms released by UAW says the deal includes 3%-4% annual wage increases over the next four years and an $8,000 signing bonus upon approval of the contract.
Temporary workers will also get a $2,000 signing bonus, and up to 4,000 workers are eligible for $60,000 bonuses if they retire between Feb. 1 and May 2016.
The pact applies to all of GM’s 52,600 unionized workers.
Last week, UAW’s Fiat Chrysler employees approved a new four-year pact.
