General Motors and the UAW have reached a proposed tentative agreement that should bring an end to a month-long strike, pending a vote by the UAW’s GM membership.

Some 200 local union leaders representing GM employees are expected to convene in Detroit for a national council meeting on Thursday to vote on whether to send the tentative agreement to the UAW membership and on when the strike will end.

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The UAW said its negotiators ‘achieved major wins for UAW-GM members’ in the proposed tentative agreement.

GM said in a statement: “We can confirm the UAW’s statement regarding a proposed tentative agreement. Additional details will be provided at the appropriate time.”

“The number one priority of the national negotiation team has been to secure a strong and fair contract that our members deserve,” said UAW Vice President Terry Dittes, Director of the UAW GM Department.  “Out of respect for our members, we will refrain from commenting on the details until the UAW GM leaders gather together and receive all details.

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The decision to strike at GM was taken on September 15 and the UAW GM National Council will meet and review details on October 17, 2019 in a private meeting, at which time they will vote on whether to recommend it to the full UAW-GM membership for ratification.

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Once the UAW National GM Council votes to approve the proposed tentative agreement, the contract language will become a ‘Tentative Agreement’ and shared with the full membership.

The Detroit News reported that a source familiar with the situation said the agreement pledges ratification bonuses of more than USD8,000 per member.

Analysts estimate that the strike means GM has lost about USD2bn. The two sides seemed to become entrenched in recent weeks. GM’s management is holding out for a deal that protects its margins as the US vehicle market cool. The UAW’s leadership is also under pressure to get a good deal for its members.

More: Strike hits General Motors in North America