GO
Loading...

Enter multiple symbols separated by commas

General Motors Cuts Work at Two Plants after Talks Fail: WSJ

General Motors suspended development work at two U.S. plants after talks between the union and management on cost cutting ended, the Wall Street Journal reported on its Web site on Friday.

United Auto Workers leaders ended talks at facilities in Fairfax, Kansas and Lordstown, Ohio after disagreements with the company, the Journal reported, citing unnamed sources.

The paper cited sources as saying GM told UAW that it was suspending work related to two new-vehicle programs.

UAW and GM could not immediately be reached for comment.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Time for Greece to play hardball with EU: Pro

    Steve Keen, chief economist for IDEA, shares his advice for Greece going forward.

  • Worst hit markets if Greece votes 'no'

    Discussing the performance of the euro and the markets during negotiations on Greece debt, with Francesco Papadia, Former DG, ECB. He says the Greek central bank could be removed quickly, if needed.

  • Italy ready for potential  market shocks from Greece: Source

    Kit Juckes, Societe Generale, weighs in on potential market volatility after the Greek referendum. An Italy Treasury source is saying the referendum result will create market volatility, but the euro zone can deal with the crisis.