08:12 AM EDT, 03/15/2024 (MT Newswires) -- General Motors' ( GM ) Mexican unit Silao has reached a deal with its union for a 9.2% wage increase, the union said Thursday, according to Reuters.

The deal, which also includes increases to the workers' savings fund and food vouchers, was reached on Tuesday, Reuters reported.

Representatives for GM did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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