Talks between GM and its striking workers for a new four-year labor and benefits contract took a 'turn for the worse' after the UAW rejected the automaker's latest offer. Analysts estimate the strike has cost GM over $1 billion. More here:
) and its striking workers took a “turn for the worse” on Sunday after the United Auto Workers rejected the largest U.S. automaker’s latest offer but the two sides were still talking.
The GM strike began on Sept. 16 with its 48,000 UAW members seeking higher pay, greater job security, a bigger share of the automaker’s profit and protection of healthcare benefits. The sides have been meeting daily. Just before the strike began, GM, the largest U.S. automaker by vehicle sales, said that its offer to the UAW included plans to invest more than $7 billion in its U.S. plants over the life of the deal.
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