GM: UAW workers begin strike
(CercleFinance.com) - GM shares are down 3% on Monday, after about 50,000 unionized workers walked out early Monday morning after failing to reach a labor deal with the US carmaker.
UAW workers went on strike after the 2015 collective bargaining agreement expired this weekend.
In a statement, the UAW union said it wants to secure fair wages, affordable healthcare, profit sharing, job security and a defined path to permanent seniority for temporary workers.
"We stood up for General Motors when they needed us most," said UAW vice-president Terry Dittes.
GM, meanwhile, said that it has presented a "strong offer" that includes over 7 billion dollars in US investments, more than 5,400 jobs, higher pay and improved benefits.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
UAW workers went on strike after the 2015 collective bargaining agreement expired this weekend.
In a statement, the UAW union said it wants to secure fair wages, affordable healthcare, profit sharing, job security and a defined path to permanent seniority for temporary workers.
"We stood up for General Motors when they needed us most," said UAW vice-president Terry Dittes.
GM, meanwhile, said that it has presented a "strong offer" that includes over 7 billion dollars in US investments, more than 5,400 jobs, higher pay and improved benefits.
Copyright (c) 2019 CercleFinance.com. All rights reserved.