The walkout by upward of 49,000 United Auto Workers members has brought to a standstill more than 50 factories and parts warehouses in the union's first strike against the No. 1 U.S. automaker in over a decade.Workers left factories and formed picket lines shortly after midnight Monday in the dispute over a new four-year contract. The union's top negotiator said in a letter to the company that the strike could have been averted had the company made its latest offer sooner.
Wall Street did not like seeing the union picketers. GM shares closed Monday down 4.2 per cent to $37.21. Kane said GM workers gave up pay raises and made other concessions to keep GM afloat during its 2009 trip through bankruptcy protection.UAW Vice-President Terry Dittes told GM thatmight have made it possible to reach an agreement if it had come earlier.
GM issued a statement saying it wants to reach a deal that builds a strong future for workers and the business. The automaker also offered to open an electric vehicle battery plant in Lordstown, Ohio, where it has a huge factory that has already stopped making cars and will be closed. The new factory would be in addition to a proposal to make electric vehicles for a company called Workhorse, the person said.
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