Researchers Say Auto Industry Labor Costs to Jump Under New Contracts – Wall Street Journal

Posted: Friday, November 20, 2015

Labor costs for the Detroit car makers would rise significantly under tentative agreements with the United Auto Workers union, say two research firms, undoing much of the savings achieved by the companies over the last eight years.

At General Motors Co., the nation’s largest car maker, hourly labor and benefit costs would rise to $60 in 2019 under its proposed UAW contract, up from $55 this year under the prior contract, according to…

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