GM urges UAW to agree to 'around-the-clock' bargaining

WASHINGTON (Reuters) – General Motors Co (N:) late on Thursday urged the United Auto Workers union to agree to around-the-clock bargaining to try to resolve a 25-day U.S. strike that has cost the company more than $1 billion in profits, according to a letter seen by Reuters.

The largest U.S. automaker expressed frustration after presenting the union with a comprehensive new contract offer on Monday without getting a formal counteroffer.

The UAW said in a letter earlier on Thursday that work to resolve issues by five committees must be completed first before it will make a comprehensive counterproposal.

“We should engage in bargaining over all issues around-the-clock to get an agreement,” wrote GM Vice President Scott Sandefur in the Thursday letter to the UAW.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.