GM, UAW close in on cost-cutting labor deal
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Representatives of General Motors Corp  and the United Auto Workers union closed in on Saturday on a tentative labor agreement that would slash health-care costs for the top U.S. automaker.
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General Motors Corp  and the  United Auto Workers broke off negotiations in the early hours  of Friday and agreed to return to the bargaining table later in  the day, a GM spokesman said.
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General Motors Corp and the United Auto Workers union on Sunday rushed to complete a cost-cutting labor deal that would allow the top U.S. automaker to cut itself free from a $50 billion retiree health-care burden.
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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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Contract talks between the United Auto Workers and General Motors Corp. stretched into the night yesterday, slowed so much by the complexity of retiree health care and other issues that a deal could be days away.
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Labor talks in Detroit intensified yesterday, with the United Auto Workers selecting General Motors as lead company in contract negotiations that analysts and auto officials say could determine the survival of the Big Three automakers.
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Talks between General Motors and the UAW union approach a critical point as they continue into the night.
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General Electric Co.  said on Sunday it had reached tentative agreements on new four-year labor contracts with the national leaders of its two largest unions.
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Negotiations for a new labor contract  between General Motors Corp  and the United Auto Workers  union resumed on Friday morning as the No. 1 U.S. automaker  heads toward a midnight deadline to either clinch a deal or  face a possible strike.
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DETROIT -- Contract talks between the United Auto Workers and General Motors Corp., the nation's largest vehicle manufacturer, got under way Monday.
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General Motors Corp. GM.N said on  Wednesday it will offer buyout packages early next year to its  salaried employees in the United States to cut costs.
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General Motors Corp.  and bankrupt auto parts maker Delphi Corp.  are "very close" to a deal with the United Auto Workers union that would help the supplier emerge from bankruptcy, a source familiar with the situation said on Thursday.
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An expert says the agreement probably will make it easier to reach cost-cutting deals with the ailing carrierâs other unions. United Airlines is making headway in its efforts to trim labor costs by $725
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General Motors Corp.  and  bankrupt auto parts maker Delphi Corp.  are near a  deal with the United Auto Workers union that would provide a  cash payout to Delphi workers in exchange for lower hourly  wages, the Detroit News reported on Thursday.
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Negotiations between the United Auto Workers and General Motors Corp. shifted back into overdrive on Wednesday as a marathon bargaining session brought both sides near a deal that would end a national strike entering its third day.
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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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The United Auto Workers union agreed to extend its contract with General Motors Corp. on an "hour-to-hour" basis on Saturday as the two sides continued labor talks beyond a Friday deadline.