Graham and Doddsville -- Value Investing In The New Era Message Board

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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: porcupine --''''> who wrote (548)	7/28/1998 12:12:00 PM
From: porcupine --''''>	Read Replies (1) of 1722

UAW hopeful of GM settlement Tuesday --'''':> Tuesday July 28, 10:49 am Eastern Time FLINT, Mich., July 28 (Reuters) - Hopes that a settlement could come some time today in the General Motors Corp.'s strikes intensified Tuesday morning when United Auto Workers representatives set up a large meeting room for reporters. ''We're all hoping it's going to happen today,'' said Reg McGhee, a spokesman for the UAW. The longest of two parts plant strikes here reached its 54th day on Tuesday. The walkouts by 9,200 UAW members have cost GM more than $2 billion in profits. Talks have been going nearly non-stop since Saturday on various levels as both sides tried to hammer out a deal involving the two Flint parts plants and other parts operations where GM and the UAW have disputes over productivity and health and safety issues. GM has said it wants a settlement to the Flint strikes to also address disputes at its two Dayton, Ohio, brake plants and a stamping facility in Indianapolis, Ind. The UAW has threatened strikes at both of those plants. The walkouts have forced the company to shut down 25 of its 29 North American assembly operations. On Monday, GM restarted production at its Bowling Green, Ky., Corvette plant and a full size sport utility plant in Silao, Mexico, with parts from outside suppliers.

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