GM could get labor pay savings from UAW deal: report
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General Motors Corp  would be  able to buy out as many as 24,000 UAW workers and replace them  with lower-paid hires under a tentative contract agreement, the  Wall Street Journal reported on its Web site on Friday.
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General Motors Corp., the world&#39;s biggest carmaker, will save 500 million euros ($664 million) annually at its unprofitable European unit after reaching an agreement with unions to cut 11,500 jobs and reorganize.
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The United Auto Workers union set a firm Monday morning deadline to reach a contract deal with General Motors Corp and threatened to send 73,000 GM factory workers on strike if no deal is reached.
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General Motors Corp  would give  new union members 401(k)-style retirement plans instead of  traditional pensions for the first time under a proposed United  Auto Workers contract, Bloomberg News said on its Web site,  citing people with knowledge of the talks.
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The United Auto Workers union said on  Wednesday it had reached a tentative deal in contract talks  with General Motors Corp  and recessed a nationwide  strike by 73,000 workers that began on Monday.
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Delphi Corp. and the United Auto Workers are expected to announce a labor agreement as early as Wednesday, the Detroit Free Press reported, citing hourly workers and people close to the negotiations.
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Negotiators from General Motors Corp   and the United Auto Workers union made progress toward a  new contract before taking a break late Saturday, people  familiar with the talks said.
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Stocks rose on Wednesday as a labor agreement at General Motors Corp  promised to lower costs for Detroit's automakers, while a report that Bear Stearns may sell a stake to outside investors boosted brokerage stocks.
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The United Auto Workers union's deadline for reaching a tentative deal with General Motors Corp  is 11:59 p.m. EDT on Friday, September 14, the union's vice president said in an e-mail to members on Thursday.
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General Motors Corp. GM.N will likely  cut some jobs in Europe and may close a plant there as part of  a restructuring plan under development to try to return the  region to profitability, the U.S. automaker said on Wednesday.
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General Motors Corp.'s German division announced a deal Thursday that will allow the struggling automaker to cut thousands of jobs while avoiding forced layoffs and offering generous incentives for employees to leave.
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Representatives of General Motors Corp  and the United Auto Workers union closed in on a tentative labor agreement on Saturday that would slash health care costs for the top U.S. automaker.
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Automaker, unions agree to eliminate up to 12,000 workers to curb losses and save $665 million a year. By Ed Garsten / The Detroit News.
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FRANKFURT, Germany  - General Motors Corp.'s German division announced a deal Thursday that will allow the struggling automaker to cut thousands of jobs while avoiding forced layoffs and offering large incentives for employees to leave.
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General Motors Corp  would give new union members 401(k)-style retirement plans instead of traditional pensions for the first time under a proposed United Auto Workers contract, Bloomberg News said on its Web site, citing people with knowledge of the talks.
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Shares of General Motors Corp.   rose to a four-month high on Monday after Goldman Sachs raised  its ratings on the No.1 U.S. automaker, citing the potential  for sizable wage and benefit cuts during talks with the United  Auto Workers for a new labor contract.
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Stocks gained on Wednesday as a tentative labor agreement at General Motors Corp  eased worries about Detroit's automakers and more weak economic data added to expectations for another cut in interest rates.