GM, Stellantis in intensive union talks to reach new contract, no deals yet

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GM, Stellantis in intensive union talks to reach new contract, no deals yet
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NEW YORK, Oct 28 — Talks between Chrysler parent Stellantis and the United Auto Workers (UAW) were continuing late yesterday afternoon as they engage in intensive bargaining to...

After students and teachers shown with toy guns in schools, PM Anwar says Putrajaya will keep Palestine solidarity events in check

PM Anwar witnesses signing agreement for relocation to Port Dickson and redevelopment of Royal Military Police Corps training centre, Army Red Warrior acrobatic teamA United Auto Workers On Strike sign is seen outside the Ford Michigan Assembly Plant in Wayne, Michigan October 25, 2023.

Both GM and Stellantis have as expected agreed to match Ford on key economic terms including the 25 per cent wage hike, but some final crucial issues including the use of temporary workers remained a key point of contention, the sources said. There was still no settlement as of 5 pm EDT, sources said.

GM shares closed down 4.6 per cent at US$27.22. Stellantis shares closed down 2.4 per cent at US$18.04 in New York.

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