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GM CEO Barra met with UAW on Wednesday as strike continues

Key Points
  • General Motors CEO Mary Barra met with senior United Auto Workers officials on Wednesday to discuss the company's most recent proposal aimed at ending a more than three-week-old strike.
  • The strike has cost the largest U.S. automaker more than $1 billion in lost profits, sources briefed on the matter said.
Mary Barra, CEO, General Motors
Mary Catherine Wellons | CNBC

General Motors CEO Mary Barra met with senior United Auto Workers officials on Wednesday to discuss the company's most recent proposal aimed at ending a more than three-week-old strike that has cost the largest U.S. automaker more than $1 billion in lost profits, sources briefed on the matter said Thursday.

Barra met with UAW President Gary Jones and senior union negotiator Terry Dittes on Wednesday after GM had not yet received a formal response to a new offer made Monday morning, the sources said.

GM declined to comment and the UAW did not immediately comment.

The meeting was reported earlier by the New York Post.

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Key Points
  • The auto supplier trade organization on Tuesday said it is aware of more than 100 supplier companies "enacting some form of temporary layoffs" of up to 12,000 U.S. salaried and hourly employees.
  • About 48,000 UAW members have been on strike and picketing outside GM's U.S. facilities since Sept. 16.
  • The impacted supplier workers add to the more than 10,000 non-UAW employees with GM to be impacted from the strike in North America and thousands more in the Canadian and Mexican supply chain.