United Auto Workers (UAW) union members at General Motors have set a Monday afternoon deadline for reaching a deal on cost cutting and competitiveness.
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If no agreement is reached, and the union receives to assurances on job security, it has threatened that 73,000 GM factory workers will go on strike.
"We're shocked and disappointed that General Motors has failed to recognize and appreciate what our membership has contributed during the past four years," said UAW President Ron Gettelfinger in a statement.
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The talks are important because the UAW's contracts with Ford and Chrysler will be based on the GM agreement.
http://news.bbc.co.uk/1/hi/business/7009883.stm