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GM's Offer of 16% Pay Hike Ahead of Strike Deadline Is Quickly Rejected by UAW

(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 ....

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