GM CEO Pledges to Work with UAW; Concerns About IPO Arise

Filed under: General Motors (GM), Employees, Initial Public Offerings

In a Labor Day message to General Motors employees, his first companywide statement since becoming CEO, Dan Akerson pledged to cooperate with the United Auto Workers (UAW). "Coming from a union family, I know on a very personal level the good things that unions can do," said Akerson, GM's fourth chief executive since 2009.

The UAW will negotiate a new contract with GM next year, and it may attempt to restore losses it agreed to ahead of GM's bankruptcy. This is expected to be a challenge for Akerson, who has a reputation for telling subordinates to "stop complaining and start working."

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GM CEO Pledges to Work with UAW; Concerns About IPO Arise originally appeared on BloggingStocks on Sun, 05 Sep 2010 13:40:00 EST. Please see our terms for use of feeds.

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General Motors - United Auto Workers - Initial public offering - United States - BloggingStocks

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