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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.

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