Deadline looms in GM union talks

[dipsydoodle]

United Auto Workers (UAW) union members at General Motors have set a Monday afternoon deadline for reaching a deal on cost cutting and competitiveness.
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If no agreement is reached, and the union receives to assurances on job security, it has threatened that 73,000 GM factory workers will go on strike.

"We're shocked and disappointed that General Motors has failed to recognize and appreciate what our membership has contributed during the past four years," said UAW President Ron Gettelfinger in a statement.
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The talks are important because the UAW's contracts with Ford and Chrysler will be based on the GM agreement.

http://news.bbc.co.uk/1/hi/business/7009883.stm

[dipsydoodle]

1. According to latest breaking BBC News

they've already gone on strike now. That's at 4pm British Summer Time.

United Auto Workers (UAW) union members at General Motors have walked out on strike after contract talks failed to reach an agreement.
The union had set a deadline of 1100 in Detroit (1600 BST) on Monday to reach a deal on cost-cutting plans.

The carmaker wants staff to give up some of their expensive benefits such as pensions and health insurance.

In return the union wants assurances on job security and for GM to commit to maintaining production in the US.

http://news.bbc.co.uk/1/hi/business/7010935.stm