US: Tower sets 1 May deadline for union agreement
Tower Automotive has threatened to seek court approval to void labour contracts unless talks with the United Auto Workers (UAW) union on wage cuts and health-care costs make some progress, according to Bloomberg News.
Chief executive Kathleen Ligocki told the news agency that it has set a deadline of 1 May to reach an agreement. Talks have reportedly been stalled for four months.
Tower is asking for wage cuts of up to 23%. The UAW, the International Union of Electrical Workers-Communications Workers of America and the United Steelworkers of America have all threatened to strike if Tower voids the contracts.
A strike would threaten production at Ford.