GM and UAW restart talks as workers take to picket lines
Negotiators for General Motors and the United Auto Workers resumed talks Monday at 10 a.m. ET to resolve a strike that shut down the automaker's highly profitable U.S. operations.
The UAW on Sunday launched the first companywide strike at GM in 12 years, saying negotiations toward a new national agreement covering about 48,000 hourly workers had hit an impasse.
Workers took to picket lines outside GM factories, waving signs declaring "UAW On Strike." During the walkout, UAW members will get $250 a week from the union's strike fund.
The UAW confirmed Monday that talks had resumed this morning. Lost production could cost GM as much as $40 million to $50 million a day, RBC Capital Markets estimated in a note Monday. GM could make up the lost production with overtime work after a settlement.
https://www.msn.com/en-us/money/companies/gm-and-uaw-restart-talks-as-workers-take-to-picket-lines/ar-AAHnt2v?li=BBnbfcL
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