(Bloomberg) General Motors Co. made a counteroffer to the United Auto Workers union, proposing a total 16% pay raise for the top wage earners in its plants and a 56% hike for newer employees who make less, the company said in a statement. UAW President Shawn Fain reacted quickly saying the proposal is “insulting.”Most Read from BloombergApple’s 2-Day Slide Nears $200 Billion on China IPhone CurbsChina Seeks to Broaden iPhone Ban to State Firms, AgenciesTrudeau Says No Room for Political Rappr
United Auto Workers Plan Counteroffer to Ford as Deadline Looms
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Hyundai s Workers Vote to Strike for First Time in Five Years
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