General Motors (NYSE:GM)
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2 Months : From Sep 2019 to Nov 2019
By Micah Maidenberg
Top leaders at General Motors Co. (GM) and the United Auto Workers met Wednesday to try to resolve the strike between the manufacturer and union, according to a new report.
General Motors CEO Mary Barra met for around an hour with UAW President Gary Jones and Vice President Terry Dittes, who focuses on GM, according to a report in the Detroit Free Press.
One person familiar with the meeting told the Free Press the session was aimed at injecting "new life into the negotiations."
Unionized workers at Detroit-based GM went on strike Sept. 16.
GM and the UAW are focusing on wages at the bargaining table, according to a report Tuesday in The Wall Street Journal.
The union wants GM to guarantee wage gains over a four-year contract, while the company want to give employees more money in the form of lump-sum bonuses, the WSJ story said.
GM shares rose 1.5% to $34.66 in afternoon trading.
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(END) Dow Jones Newswires
October 10, 2019 15:47 ET (19:47 GMT)
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