UPDATE 1-CAW to restart talks with automakers

Newswire

DETROIT, Jan 29 (Reuters) - The Canadian Auto Workers union said on Thursday it was open to negotiating new wage and benefit deals with embattled U.S. automakers, opening the door to concessions less than a year into three-year contracts. "Labor costs clearly did not cause the worldwide crisis in the auto industry, and labor concessions cannot possibly solve that crisis," CAW President Ken Lewenza said in a statement. "But we can't ignore the precarious financial state of these ...

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