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Show CIO Aulo 7or!tcrs Ofafi (onlrccf ' l DETROIT, June ' 7 W TJie unique cost of living wsge formula for-mula negotiated with General Motors Mo-tors Corp. 13 days ago has been approved by majority of the 225,000 workers la a M. plants, the CIO United Auto Workers reported Monday. ' - '.- The notice automatically made the new two-year contract providing provid-ing an' immediate 11 -cent hourly wage increase, retroactive- to May 29. The old agreement expired on May 28.- ... The wage boost is geared to government gov-ernment estimates of the cost of living, and will be adjusted every three months. There is no celling on pay raises, but not more than 5 of the 11 vents can be taken away regardless, of price drops. - |