Sign Up |  Login

     
 
Daily News |  Most Emailed |  Most Viewed |  Most Recommended |  Most Bookmarked                                  
 Home
Oddly Enough  
Politics  
Sports  
Business  
Life  
Technology  
Top News  
 Most Popular
News > Business
UAW local unit leaders approve new GM deal
2007-09-28 17:31:16

DETROIT (Reuters) - The United Auto Workers union's unit leaders on Friday unanimously approved General Motors Corp's <GM.N> proposed four-year labor contract that includes a signing bonus and a new round of voluntary buyouts for the automaker's workers.

"It was unanimously supported," a source familiar with the contract said.

The proposed contract, which has to be ratified by a majority of GM's 73,000 workers, includes a $3,000 signing bonus, a health-care trust fund to reduce the automaker's costs and a new round of buyout offers for GM workers, the source said.

Average Rating
   Email This to a Friend            Print This News  

  Bookmark:  
   News Comments
No Comments found
    Would you like to comment?
     (Maximum characters: 5000)
     You have characters left.
    
    Security code:  
                        
                         Refresh Image
                          
   Recent News

Heinz, Hormel optimistic about sales in 2010
U.S. economy grew 2.8 pct in Q3
BRIEF: Galleon's Rajaratnam denies SEC insider trading charges
Klausner sues Motorola, RIM over visual voicemail
U.S. existing home sales pace highest in 2-1/2 yrs
   Related News

Microsoft names new financial chief
Microsoft names new financial chief
Burkle buys Barneys New York debt: report
Mixed day for IPOs as Rio unit disappoints
Tengzhong may finalize Hummer deal next week: source
Page load time: 0.93946886062622 ms