Kim Carpenter News
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General Motors Co., 10 weeks after ratifying a new labor contract with the United Auto Workers, said union hourly employees achieved vehicle-quality targets and will be eligible for about $12 million in bonuses.
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General Motors Co. will keep open until August 2012 the midsize pickup plant in Louisiana that it set for closure as part of a new four-year labor contract.
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A United Auto Workers official who was quoted in a letter to members as saying that a U.S. official was “in the room” during labor contract negotiations with General Motors Co. called the report a “misprint.”
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General Motors Co., the largest U.S. automaker, has almost completed a deal to sell its Nexteer Automotive steering-parts unit, said Kim Carpenter , a GM spokeswoman. She declined to name the remaining bidders.
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The United Auto Workers, bargaining a new contract for U.S. automakers, is turning to General Motors Co. to set the pattern for wages and benefits for the U.S. industry, said three people familiar with the discussions.
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General Motors Co. plans to announce tomorrow that it will invest more than $850 million to upgrade five North American factories, three people familiar with the matter said.
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The United Auto Workers will seek early contract settlements in talks with the U.S. automakers this year, breaking a pattern of brinksmanship that stretches at least four decades, two people familiar with the plan said.
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U.S. initial jobless claims unexpectedly rose last week, a sign that the labor market is struggling to gain traction.
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General Motors Co. , the largest U.S. automaker, will suspend production at its Shreveport Assembly in Louisiana for the week of March 21 because of a parts shortage resulting from the crisis in Japan.
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U.S. initial jobless claims unexpectedly rose last week, a sign that the labor market is struggling to gain traction.
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