GM battery joint venture agrees to hike Ohio workers wages By Reuters

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<span>© Reuters. FILE PHOTO: FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo</span><br />
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<p>(Reuters) – A joint venture battery plant said on Thursday it will hike the wages of workers at its Ohio plant by an average of 25% after it came under harsh criticism from some senators for paying workers as little as $16 an hour.</p>
<p>Ultium Cells, a joint venture of General Motors (NYSE:) and LG Energy Solution, said workers must still ratify the interim wage increase that takes effect Aug. 28.</p>
<p>Workers voted in December to join the United Auto Workers union but have not yet reached a contract.</p>
<p>The interim wage increase will be retroactive to December 2022 and some workers will receive between $3,000 to $7,000, based on hours worked, Ultium said. </p>
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<br /><a href="https://www.investing.com/news/stock-market-news/gm-battery-joint-venture-agrees-to-hike-ohio-workers-wages-3161053">Source link </a></p><p>The post <a href="https://forextraderhub.com/gm-battery-joint-venture-agrees-to-hike-ohio-workers-wages-by-reuters.html">GM battery joint venture agrees to hike Ohio workers wages By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>