Friday, September 16, 2011

News Flash: GM-UAW Agree on New Contract

The UAW announced the agreement just after 11 p.m. EDT Friday, after a little more than eight weeks of bargaining.

The contract covers 48,500 GM workers in the U.S. GM was the first of the Detroit Three to reach an agreement with the UAW. Chrysler Group and Ford Motor Co. are still negotiating.

The UAW says the contract improves health care benefits for workers and protects their retirement benefits. It also says there is an improved profit-sharing plan.

Read more of this story by clicking on the following:  http://www.nytimes.com/aponline/2011/09/16/business/AP-US-Autos-Contract-Talks.html?_r=1&hp

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