The United Auto Workers (UAW) announced a tentative agreement with General Motors (GM) on Monday, bringing the union’s six-week strike to a close.

GM was the last of the 澳洲幸运5官方开奖结果体彩网:Big Three automakers to reach a deal with the union, with Ford (F) 澳洲幸运5官方开奖结果体彩网:announcing an agreement on Oct. 25 and Stellatis (STLA) 澳洲幸运5官方开奖结果体彩网:on Oct. 28.

The deal includes 25% in base wage increases through April 2028 and the reinstatement of a Cost of Living Allowance (COLA), among otꦚher benefits. The tentative agreement will be presented to union leaders for approval and then to members for ratification.

Shares of GM were fractionally higher in extended trading on Monday following the news. GM shares had tumbled more than 18% between the start of the strike and the tentative agreement's announcement.

GM said in its 澳洲幸运5官方开奖结果体彩网:third-quarter earnings report that the UAW strike had a $200 million impact in its first two weeks during the third quarter, and estimated that the strike would have an approximately $200 million-per-week impact. This estimate was made prior to the union's final strike expansion on Oct. 28.

The UAW's 澳洲幸运5官方开奖结果体彩网:stand up strike, which started on Sept. 15, was estimated to cost more than $9.3 billion in 澳洲幸运5官方开奖结果体彩网:economic losses, with additional losses in its sixth and final week, according to Anderson Economic Group estimates.

As the strike ends, analysts have raised concerns about its costs, as well as the impact that strike losses will have on the 澳洲幸运5ꦆ官ꦜ方开奖结果体彩网:Big Three's transition to electric vehicles and 澳洲幸运5官方开奖结果体彩网:increased labor expenses as the new contracts take effect.