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GM, UAW Talk Past Deadline

Contracts renewed on hourly basis

By Lucas Laursen,  Newser Staff

Posted Sep 15, 2007 6:05 AM CDT
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(Newser) – The United Auto Workers and General Motors talked four hours past their midnight deadline for contract negotiations before agreeing to resume bargaining later today. They extended talks on an "hour-to-hour" basis on a deal that would include a union-controlled trust to assume GM's $50-billion liability for retiree health care.
 

The UAW is open to the plan, the Wall Street Journal reports, but was asking for more funding for the trust than GM had offered. The UAW chose GM as the lead negotiator—and strike target—this year because GM is financially healthiest but also has the largest pension burden, according to the Journal, and any deal brokered with them should be acceptable to Ford and Chrysler.

In this photo provided by General Motors, General Motors Chairman and CEO Rick Wagoner, left, and International UAW President Ron Gettelfinger shake hands to the kick-off the 2007 UAW-GM national contract negotiations in Detroit, Monday, July 23, 2007. (AP Photo/General Motors, Steve Fecht)
In this photo provided by General Motors, General Motors Chairman and CEO Rick Wagoner, left, and International UAW President Ron Gettelfinger shake hands to the kick-off the 2007 UAW-GM national contract...   (Associated Press)
Logos for General Motors and the United Auto Workers are shown on the UAW-GM Center for Human Resources in Detroit, in this July 31, 2007 file photo. The United Auto Workers union has picked General Motors Corp. as the lead company and potential strike target in contract negotiations with the...
Logos for General Motors and the United Auto Workers are shown on the UAW-GM Center for Human Resources in Detroit, in this July 31, 2007 file photo. The United Auto Workers union has picked General Motors...   (Associated Press)
Dave Green, left, president of United Auto Worker Local 1714, tells some of union members what he knows about the possibility of a strike, at the local hall in Lordstown, Ohio, early Saturday, Sept. 15, 2007. Negotiations between the United Auto Workers and General Motors Corp. continued past a midnight...
Dave Green, left, president of United Auto Worker Local 1714, tells some of union members what he knows about the possibility of a strike, at the local hall in Lordstown, Ohio, early Saturday, Sept. 15,...   (Associated Press)
The General Motors Corp. Lordstown, Ohio, Assembly Plant is shown in this photo taken Jan. 12, 2001. Assembly workers at the GM plant in Lordstown in northeast Ohio were among those preparing to strike Friday, Sept. 14, 2007, said Jim Graham, president of UAW Local 1112. (AP Photo/Tony Dejak, File)
The General Motors Corp. Lordstown, Ohio, Assembly Plant is shown in this photo taken Jan. 12, 2001. Assembly workers at the GM plant in Lordstown in northeast Ohio were among those preparing to strike...   (Associated Press)
United Auto Workers President Ron Gettelfinger, left, and Ford Motor Co., Executive Chairman Bill Ford shake hands to open their contract talks at Ford World Headquarters in Dearborn, Mich., Monday, July 23, 2007. The national contract between the UAW and the automakers expires Sept. 14. (AP Photo/Carlos Osorio)
United Auto Workers President Ron Gettelfinger, left, and Ford Motor Co., Executive Chairman Bill Ford shake hands to open their contract talks at Ford World Headquarters in Dearborn, Mich., Monday, July...   (Associated Press)
In this photo provided by General Motors, General Motors Chairman and CEO Rick Wagoner, left, and International UAW President Ron Gettelfinger talk at the bargaining table after shaking hands to the kick-off the 2007 UAW-GM national contract negotiations in Detroit, Monday, July 23, 2007. (AP Photo/General Motors, John F. Martin)
In this photo provided by General Motors, General Motors Chairman and CEO Rick Wagoner, left, and International UAW President Ron Gettelfinger talk at the bargaining table after shaking hands to the kick-off...   (Associated Press)
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