DETROIT (Reuters) – As the U.S. strike by the United Auto Workers union against General Motors Co (GM.N) nears three weeks, the main remaining issues in the negotiations have narrowed to wages and pensions, a person familiar with the talks said on Saturday.
The GM strike began on Sept. 16 with the 48,000 UAW members seeking higher pay, greater job security, a bigger share of the leading U.S. automaker’s profit and protection of healthcare benefits. The sides have been meeting daily and talks continued on Saturday, and representatives for both sides declined to discuss details.
One of the major remaining issues includes the UAW’s desire to reduce the time it takes newer hires to earn the top wage scale of about $31 an hour from the current eight-year period, said the source, who asked not to be identified because the talks are ongoing.
Another issue is a desire by the union for a higher pension payout, meaning an enhanced formula for those members hired before 2007 who would…
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