GM's Ultium Cells workers vote to ratify new contract

(Reuters) - Union members at Ultium Cells - a joint venture between General Motors and LG Energy Solution - in Lordstown, Ohio voted to ratify a new labor agreement, the United Auto Workers said on Monday.

About 98% of votes cast were in favor of the new deal, which includes a 30% wage increase over three years for many workers, and a $3,000 ratification bonus.

WHY IT'S IMPORTANT

As automakers shift to manufacturing electric vehicles (EVs), their battery plants have emerged as a focal point for the union.

UAW expects the Ultium agreement to set a new precedent for upcoming battery facilities in the U.S. and the entire EV industry.

CONTEXT

Earlier this month, the UAW reached a tentative contract with Ultium Cells, which manufactures EV batteries for GM. The plant began operations in 2021 with a non-unionized workforce and the workers voted to join the UAW in late 2022.

BY THE NUMBERS

By October 2027, Ultium production workers will make $35 an hour, 112% more than before they joined the UAW.

(Reporting by Shivansh Tiwary in Bengaluru; Editing by Sriraj Kalluvila)

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