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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: MythMan who wrote (250816)7/17/2003 3:28:29 PM
From: ild  Read Replies (2) of 436258
 
GM is trying to boost North American profits with aggressive cost-cutting. But the company faces significant hurdles in its efforts to reduce the burden of employee pension and healthcare costs. GM formally opened contract talks with leaders of the United Auto Workers on Thursday, and will continue negotiations throughout the third quarter. The UAW has vowed not to accept any cutbacks in healthcare benefits or pensions. Mr. Devine declined to discuss the contract talks.
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