FILE PHOTO: Normal Motors meeting employees and their supporters collect to picket exterior the Normal Motors Bowling Inexperienced plant in the course of the United Auto Employees (UAW) nationwide strike in Bowling Inexperienced, Kentucky, U.S., September 20, 2019. REUTERS/Bryan Woolston/File Picture
DETROIT (Reuters) – Because the U.S. strike by the United Auto Employees union in opposition to Normal Motors Co (GM.N) nears three weeks, the principle remaining points within the negotiations have narrowed to wages and pensions, an individual accustomed to the talks stated on Saturday.
The GM strike started on Sept. 16 with the 48,000 UAW members searching for larger pay, higher job safety, an even bigger share of the main U.S. automaker’s revenue and safety of healthcare advantages. The edges have been assembly each day and talks continued on Saturday, and representatives for each side declined to debate particulars.
One of many main remaining points consists of the UAW’s want to cut back the time it takes newer hires to earn the highest wage scale of about $31 an hour from the present eight-year interval, stated the supply, who requested to not be recognized as a result of the talks are ongoing.
One other subject is a want by the union for the next pension payout, which means an enhanced components for these members employed earlier than 2007 who could be lined by a pension, and the next contribution to the 401(ok) plans of members employed after 2007, the supply stated.
The UAW stated late Friday it had made “good progress” within the negotiations on such points as well being care and the standing of non permanent employees.
The give attention to fewer points signifies the talks could possibly be nearing a decision because the dispute is taking a toll on each the automaker and hanging UAW employees, whose particular person compensation of $250 per week from the union strike fund is a fraction of their regular pay.
Analysts estimate the strike has price GM over $1 billion, whereas LMC Automotive estimated on Thursday GM has misplaced manufacturing of 118,000 automobiles via Oct. 2.
Reporting by Ben Klayman; Modifying by Chris Reese