The United Auto Workers union and General Motors are closing in on a deal to end a monthlong strike by auto workers, Reuters reported, citing two people briefed on the matter.
A final agreement has yet to be announced, but union leaders and management were close to a deal Tuesday after contract negotiations that included GM CEO Mary Barra and President Mark Reuss, according to the news service.
The strike has cost the automaker about $2 billion so far and led to the temporary closure of several of its Mexican facilities as well as a 10 percent drop in GM’s stock price over the past month. Last week, amid ongoing negotiations, the company called for “around-the-clock” talks with union leaders.
“Your members and our employees’ lives are being disrupted, and they deserve our commitment to getting any remaining issues resolved as quickly as possible,” management reportedly wrote to UAW leaders.
Nearly 50,000 UAW members are participating in the strike, which began Sept. 16, with their demands including higher pay, better protection for their health care benefits and an increased share of the automaker’s profits.
UAW declined to comment on the report. The Hill has reached out to GM for comment.