New York (CNN Business) Talks between the United Auto Workers union and General Motors "have taken a turn for the worse," according to the union's chief negotiator, suggesting that no immediate end is in sight for the auto industry's longest strike in decades. Terry Dittes, the vice president of the United Auto Workers union negotiating team, sent a letter to members midday Sunday saying that the union found the company's latest contract proposal to be totally unacceptable to the union. The strike has cost GM about $600 million in total lost profits through three weeks of the strike, according to Anderson. The union argues that the record profits GM has reported mean the workers deserve to be compensated for those sacrifices. Fiat Chrysler FCAU Ford F Union contracts withandhad been extended while the union tried to reach a deal with GM.

Source: CNN October 06, 2019 17:14 UTC