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GM Talks Resume With Optimism

Marathon yesterday yielded progress on financing for health-care trust

By Lucas Laursen,  Newser Staff

Posted Sep 17, 2007 12:42 PM CDT
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(Newser) – Talks between GM and UAW reps resumed late this morning after a 16-hour session that ran to 3am and came close to an agreement on the key issue of shifting heath-care costs to a union-run trust.  Both sides confirmed good progress, and employees are on the job today, despite the contract expiration Friday night, the Wall Street Journal reports.

But the situation is still tenuous, as the existing contract is being extended on an hour-by-hour basis and the sides still have significant areas of disagreement. A key sticking point has been how much GM will pay into the trust that will assume $50 billion in liabilities for health care coverage for current and retired employees.

Workers walk out of the United Auto Workers Local 735 hall after getting updates on contract talks with General Motors Corp., Sunday, Sept. 16, 2007, in Ypsilanti, Mich. Negotiations were to resume Sunday between General Motors Corp. and the United Auto Workers with widespread reports of progress but several tough...
Workers walk out of the United Auto Workers Local 735 hall after getting updates on contract talks with General Motors Corp., Sunday, Sept. 16, 2007, in Ypsilanti, Mich. Negotiations were to resume Sunday...   (Associated Press)
General Motors Corp. workers check lists posted at the United Auto Workers Local 1714 Hall to see when they are assigned to strike duty, in Lordstown, Ohio, early Saturday, Sept. 15, 2007. Negotiations between the UAW and GM continued past a midnight deadline on an hour-by-hour basis, a local union...
General Motors Corp. workers check lists posted at the United Auto Workers Local 1714 Hall to see when they are assigned to strike duty, in Lordstown, Ohio, early Saturday, Sept. 15, 2007. Negotiations...   (Associated Press)
Exterior of the Ford Motor Co., world headquarters in Dearborn, Mich., Monday, July 23, 2007. The United Auto Workers and the automaker opened their contract talks at the headquarters on Monday. The national contract between the UAW and the automakers expires Sept. 14. (AP Photo/Carlos Osorio)
Exterior of the Ford Motor Co., world headquarters in Dearborn, Mich., Monday, July 23, 2007. The United Auto Workers and the automaker opened their contract talks at the headquarters on Monday. The national...   (Associated Press)
United Auto Workers President Ron Gettelfinger, right, and General Motors Chairman and CEO Rick Wagoner shake hands to open their contract talks at the UAW/GM Center for Human Resources in Detroit, in this July 23, 2007 file photo. The United Auto Workers union has picked General Motors Corp. as the...
United Auto Workers President Ron Gettelfinger, right, and General Motors Chairman and CEO Rick Wagoner shake hands to open their contract talks at the UAW/GM Center for Human Resources in Detroit, in...   (Associated Press)
A U.S. flag and the United Auto Workers flag fly at the UAW Local 5960 in Orion, Mich., Friday, Sept. 14, 2007. As UAW union members prepared for a possible strike Friday against General Motors Corp., analysts said a short-term walkout probably wouldn't cause too much financial pain but...
A U.S. flag and the United Auto Workers flag fly at the UAW Local 5960 in Orion, Mich., Friday, Sept. 14, 2007. As UAW union members prepared for a possible strike Friday against General Motors Corp.,...   (Associated Press)
General Motors Corp. workers check lists posted at the United Auto Workers Local 1714 Hall to see when they are assigned to strike duty, in Lordstown, Ohio, early Saturday, Sept. 15, 2007. Negotiations between the UAW and GM continued past a midnight deadline on an hour-by-hour basis, a local union...
General Motors Corp. workers check lists posted at the United Auto Workers Local 1714 Hall to see when they are assigned to strike duty, in Lordstown, Ohio, early Saturday, Sept. 15, 2007. Negotiations...   (Associated Press)
Workers leave the General Motors Corp. plant in Lordstown, Ohio, early Saturday, Sept. 15, 2007. Negotiations between the United Auto Workers and GM continued past a midnight deadline on an hour-by-hour basis, a local union leader said early Saturday as GM workers nationwide prepared for a possible strike. (AP Photo/Jamie-Andrea...
Workers leave the General Motors Corp. plant in Lordstown, Ohio, early Saturday, Sept. 15, 2007. Negotiations between the United Auto Workers and GM continued past a midnight deadline on an hour-by-hour...   (Associated Press)
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Health care plan has been main sticking point in talks
Detroit Free Press

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US • Money

 
United Auto Workers • General Motors • Detroit • auto industry • Big Three • contract

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