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News > Companies
GM talks with union resume
June 15, 1998: 12:26 p.m. ET

Only 'small progress' seen so far in negotiations to end Flint, Mich., strikes
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FLINT, Mich. (CNN) - Talks aimed at ending strikes at two General Motors plants resumed Monday morning, according to a source in the United Auto Workers union.
     The union source said some "small progress" had been made over the weekend on a couple of issues but there was nothing to get excited about.
     The walkouts by 9,200 workers at the Flint Metal Center plant and the Delphi Flint East plant have caused parts shortages throughout the GM manufacturing system and idled 60,000 workers.
     The UAW has said the issue is GM's continued exportation of jobs to plants in Mexico, Thailand and South America. GM has said it needs to make its plants more efficient in order to compete with other auto makers.
     General Motors stock (GM) was down 9/16 at 69-5/16 in midday trading. The stock has fallen 5-1/8, or 6.79 percent, since the strike began. Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.