Category: Financial Crisis

UAW wins back Obama-era concessions from financial crisis, as strike nears end

The United Auto Workers (UAW) union has won back several concessions it made to three major automakers in the wake of the 2007-2008 financial crisis, after reaching tentative agreements with all three major U.S. automakers. General Motors was the last of the three to reach a deal with the union Monday, agreeing to largely the same terms that Ford and Stellantis accepted Wednesday and Saturday….