UAW members approve GM concessions

May 29, 2009 11:27:06 AM PDT
Members of the United Auto Workers union have ratified a package of concessions designed to reduce General Motors Corp.'s labor costs.

UAW President Ron Gettelfinger said Friday that 74 percent of GM's production and skilled-trade workers voted in favor of the deal.

The vote comes before an expected Chapter 11 bankruptcy protection filing by GM on Monday. Bankruptcy experts say having an agreement in place before the filing will help move the process through court more quickly.

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