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How deal can pull GM even with Toyota

The tentative contract between General Motors and the UAW could quickly wipe out more than half the gap in labor costs between GM and Toyota, pulling Detroit ever closer to its Japanese rivals, according to industry experts cited by the Detroit Free Press.

And the gap should shrink further -- to about 6% by one estimate -- as lower-paid workers replace more-senior union members over time.

Posted by Peter C. T. Elsworth  at 9:33 AM to GM , Toyota , Unions | Permalink

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