GM recently declared that it will close three major assembly and two smaller transmission facilities in North America. This despite GM’s recent robust profit reports - while labor costs make up less than 10 percent of the average vehicle.
The UAW is back in bargaining with the Big 3 Automakers. Will they end the two-tier wage and benefit system they agreed to 8 years ago? And if they do, can they end it by raising up the bottom tier, rather than taking cuts for the top tier?
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