GM is back at the bargaining table with UAW reps today, but agreement on the billion-dollar issues is not imminent, the AP reports. The UAW is said to be seeking job guarantees at US plants in exchange for agreeing to take over union members' health care liabilities via a trust to be funded in part by GM. Analysts say GM has offered to pay roughly two thirds of the $90 billion needed for health coverage.
Talks are still on an hour-by-hour basis since the contract expired at midnight last night; a new deadline may be set to formally extend the bargaining period. The UAW picked GM as the lead in negotiations this year, and hence the strike target. If a GM settlement is reached, the UAW will try to impose the same terms on Chrysler and Ford.