CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

Detroit Three driving hard bargain with UAW

09-14-2011 09:03 BJT

CHICAGO, Sept. 13 (Xinhua) -- Detroit Three automakers, namely, General Motors (GM), Ford and Chrysler, are fighting against time to reach an agreement with the United Auto Workers (UAW), as Wednesday's midnight deadline is just around the corner.

GM and Chrysler's talks have been dealing with the big issues, including profit sharing, health care, signing bonuses and increased wages for second-tier workers at half the pay of veteran auto workers, reported The Detroit News on Tuesday.

Chrysler Chief Executive Sergio Marchionne said Tuesday that the company and the UAW are still divided on a number of issues, even as the current union contract is set to expire at midnight on Wednesday.

Sources disclosed that GM and Chrysler were getting close to an agreement. However, the talks of Ford, the only Detroit carmaker not to take government bailout money or file for bankruptcy in 2009, remained at the subcommittee level and the large economic matters were not yet on the table.

Mark Fields, president of Ford Americas, recently said that the automaker will "most probably" need to extend the four-year contract past the Sept. 14 expiration. Factory workers at Ford plants can strike if talks hit a deadlock.

GM took the lead among the Detroit Three to start the marathon bargaining session in July and each company would reach unique contract, depending on its needs and special circumstances.

 

 

Editor:Zhang Rui |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program