General Motors Co (GM.N)
SEOUL General Motors Co's (GM) South Korean unit dropped a plan to consider filing for bankruptcy after winning concessions on pay, bonuses and benefits from its labor union in a tentative deal reached on Monday.
* Future wage rises, performance pay will depend on profitability
SEOUL, April 23 General Motors' South Korean unit said that it has reached a tentative wage deal with its labour union on Monday, meeting a key condition laid down by the U.S. automaker to prevent it filing for bankruptcy for the loss-making operation.
SEOUL, April 20 General Motors' South Korean unit and its labour union plan to continue talks until 5 p.m. Seoul time on Monday, a union official said in a text message, amid the move by the U.S. automaker to seek bankruptcy for the loss-making unit.
SEOUL, April 20 General Motors' South Korean unit and its labour union failed to reach a wage deal, a spokesman of the unit said on Friday, after talks that sought to stave off a threat of bankruptcy for the loss-making unit.
HAMBURG/FRANKFURT German labor leaders fear Opel's Eisenach factory could lose half its 1,800 workforce unless a deal is struck with owner PSA Group over working conditions, amid escalating tensions between German union IG Metall and Opel's management.
HAMBURG/FRANKFURT, April 19 German labour leaders fear Opel's Eisenach factory could lose half its 1,800 workforce unless a deal is struck with owner PSA Group over working conditions, amid escalating tensions between German union IG Metall and Opel's management.
* GENERAL MOTORS CO - ELECTION OF WENIG TO BOARD'S SLATE OF NOMINEES WILL BRING GM'S BOARD OF DIRECTORS TO 11 MEMBERS Source text for Eikon: Further company coverage:
PARIS/FRANKFURT PSA Group boss Carlos Tavares, whose career has seen him thrash out margin-boosting labor deals for two carmakers in several countries, is now taking on Germany's IG Metall union, which has been the undoing of many a cost cutter.
* GENERAL MOTORS CO - TOTAL AVAILABLE CREDIT TO AUTOMOTIVE SEGMENT UNDER FACILITY REMAINS UNCHANGED AT $14.5 BILLION
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