Word: gm
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Dates: during 1990-1999
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...U.A.W.'s real target is GM, which is under pressure from Wall Street to cut an additional 30,000 to 50,000 jobs--or up to 20% of its remaining U.S. hourly payroll--over the next three years. To do that, GM wants to buy more auto parts from outside suppliers. The No. 1 automaker uses in-house labor to build a whopping 70% of the parts that go into its vehicles, far more than its Detroit rivals. But the U.A.W. wants to save as many jobs as it can at GM, which could make the talks turn bitter...
...Clinton walked outside the White House for a photo op he was clearly looking forward to. Accompanied by Mickey Kantor, the tough-talking Trade Representative who later that day would be nominated to succeed Ron Brown as Secretary of Commerce, Clinton viewed a new Chrysler Neon, Ford Taurus and GM Cavalier--all equipped with right-hand steering wheels for sale in Japan. "Just four years ago," said Clinton, "if you had told me that I would see it, I'm not sure I would have believed it--right-hand-drive American models made by American workers bound for Japan...
DAYTON, Ohio: Workers from two GM brake plants voted to accept management's offer, bringinging to an end an 18-day strike that had crippled the world's largest automaker. The vote was nearly unanimous, with 99 percent of the strikers voting in favor of the pact. The walkout had forced GM to close 26 of its 29 North American assembly plants and 18 parts plants. In all, 177,375 GM workers were furloughed. The main issue in dispute was outsourcing -- the production of parts by outside companies. The union claimed that practice will cost jobs. The company argued that...
...Motors. The 2,700 workers at two brake plants here will vote Friday morning on whether to ratify the agreement, which has the endorsement of union negotiators. The two sides have met daily since last Friday in an effort to end the strike that idled more than 160,000 GM workers. The main issue in dispute was outsourcing -- the production of parts by outside companies. Financial analysts say that GM must outsource more or face a long- term competitive disadvantage. While the two sides did not officially release the terms of the agreement, TIME's Joseph R. Szczesny says...
DAYTON, OHIO: Talks have resumed between union and GM negotiators to reach an agreement ending the two-week old strike by workers at two Dayton brake plants. Earlier, negotiators took a brief break following 40 hours of non-stop bargaining. The walkout by 2,700 workers at the two plants has idled some 150,000 GM workers and forced the world's largest automaker to shut down 25 of its 29 North American assembly plants. The effect of the strike has spread beyond GM, as the company has halted steel and engine shipments. Caterpillar Inc., which makes engines for GM...