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GM, UAW Lay Down Swords, Ending Strike

Law360 (September 26, 2007, 12:00 AM EDT) -- Two days into a massive nationwide strike that crippled production at General Motors Corp., the auto maker and the United Auto Workers union brokered a tentative agreement early Wednesday morning on a new national labor contract covering approximately 74,000 represented employees.

The nation’s top auto maker said in a statement Wednesday that the deal—which is subject to UAW member ratification—includes a memorandum of understanding to establish an independent retiree health care trust, as well as other changes to the national agreement.

Rick Wagoner, GM’s chairman and...
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