GM employees back to work; Canadian plants to reopen

Cybergal · Sep 26, 2007

GM employees back to work; Canadian plants to reopen
9/26/07

DETROIT -- Despite predictions earlier in the week that a nationwide strike by 70,000 GM workers would be a long one, the United Auto Workers and the carmaker have reportedly reached a tentative agreement this morning to end the two-day labor standoff.

The deal sends the striking UAW members back to work today.
Bloomberg reports that GM and the union reached an historic four-year contract, which includes the company taking $50 billion of future health-care obligations off its books.
UAW President Ron Gettelfinger said the union received "outstanding' job-security pledges for workers in exchange. The news agency says that the deal sets a precedent for the American auto industry, as it allows the automaker to operate with a cost structure closer to that of its Japanese rivals, which have been grabbing larger chunks of North American market share in recent years. Toyota is poised to overtake GM as the world's largest carmaker this year.
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todaystrucking-continues

jamwadmag · Sep 26, 2007

I can go ahead and order my new Caddy now!!

Cybergal · Sep 26, 2007

jamwadmag said: ↑

I can go ahead and order my new Caddy now!!
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I want one of those CHRYSLER 300! Real NICE!

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