UAW Supports GM Resolution
The United Auto Workers union's unit leaders on Friday unanimously approved General Motors Corp's proposed four-year labor contract that includes a signing bonus and a new round of voluntary buyouts for the automaker's workers.
It was unanimously supported, a source familiar with the contract said.
The proposed contract, which has to be ratified by a majority of GM's 73,000 workers, includes a $3,000 signing bonus, a health-care trust fund to reduce the automaker's costs and a new round of buyout offers for GM workers, the source said.
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