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General Motors workers on strike | General Motors workers on strike |
(10 minutes later) | |
United Auto Workers (UAW) union members at General Motors (GM) have walked out on strike after contract talks failed to reach an agreement. | United Auto Workers (UAW) union members at General Motors (GM) have walked out on strike after contract talks failed to reach an agreement. |
It is the first time that UAW has held a nationwide strike during contract negotiations since 1976. | |
Workers began forming pickets outside five GM plants in the US as a deadline for a deal passed. | |
The carmaker wants staff to give up some of their expensive benefits such as pensions and health insurance. | The carmaker wants staff to give up some of their expensive benefits such as pensions and health insurance. |
In return the union wants assurances on job security from GM. | In return the union wants assurances on job security from GM. |
'Complex issues' | |
In a statement, GM said it was disappointed about the strike. | |
I don't think there's any big, hidden pile of money that management is keeping from the unions Peter Jankovskis, Oakbrook Investments Key facts: Global Car Industry | I don't think there's any big, hidden pile of money that management is keeping from the unions Peter Jankovskis, Oakbrook Investments Key facts: Global Car Industry |
"The bargaining involves complex, difficult issues that affect the job security of our US work force and the long-term viability of the company," it said. | |
"We will continue focusing our efforts on reaching an agreement as soon as possible," it added. | |
GM employs 73,000 UAW members whose contracts expired on Friday, 14 September. | GM employs 73,000 UAW members whose contracts expired on Friday, 14 September. |
Since then they have been working without a formal contract as talks continued. | Since then they have been working without a formal contract as talks continued. |
Bogged down | Bogged down |
The strike does not affect GM workers outside America. | |
The UAW wants the talks with GM to come up with a contract that can then be followed by Chrysler and Ford. | The UAW wants the talks with GM to come up with a contract that can then be followed by Chrysler and Ford. |
"I don't think there's any big, hidden pile of money that management is keeping from the unions, so it's a little bit surprising that they would have gone to this extent," said Peter Jankovskis from Oakbrook Investments in Illinois. | "I don't think there's any big, hidden pile of money that management is keeping from the unions, so it's a little bit surprising that they would have gone to this extent," said Peter Jankovskis from Oakbrook Investments in Illinois. |
It has been reported that the talks became bogged down on Sunday because the union wanted guarantees that new vehicles and models will be built in the US. | It has been reported that the talks became bogged down on Sunday because the union wanted guarantees that new vehicles and models will be built in the US. |