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Wednesday, 14 September 2011

Shepherd U.A.W. Pact is looked upon by G.M.

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DETROIT — General Motors targets to set the framework of a new labor deal with the United Automobile Workers union that would raise the entry-level wages and establish a new profit-sharing formula for workers at all three Detroit car companies.

Both G.M. and Chrysler have been holding around-the-clock talks with the union for several days, hoping to reach a fresh agreement before their current four-year contracts expires.

Recently the third Detroit automaker, the Ford Motor Company, agreed with the U.A.W. to extend its contract until settlements were reached at the other two companies.Vcommindia News

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