The United Auto Workers union is considering helping General Motors cut costs because it expects another bleak year at the automaker, Reuters reported, citing the Wall Street Journal.
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Reuters said the paper reported that the union’s vice president, Richard Shoemaker, told a group of union leaders this week the UAW is weighing concessions, pending an independent review of GM’s finances – the union has hired a team of outside experts to conduct the review, the paper added.
Reuters noted that, if the union goes ahead with concessions, it would mark a reversal since the UAW has recently questioned the depth of GM’s financial problems.
