Summary Box: UAW opens talks with automakers

AP News
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Posted: Jul 25, 2011 2:44 PM
Summary Box: UAW opens talks with automakers

The United Auto Workers union kicked off labor contract talks with Detroit's three automakers on Monday. Here's what both sides want in a new four-year contract:

THE UNION: UAW wants a piece of the companies' profits and will talk profit-sharing instead of pay raises. Some members want raises and other concessions back. The union also wants to increase its ranks with more U.S. jobs

THE COMPANIES: Even with concessions, Ford and GM have higher labor costs than foreign automakers with U.S. plants. Ford and GM want cuts in wages and benefits, while Chrysler wants to stay even. UAW President Bob King says no more concessions.