lTCMartin expects no lull at plantWhile its contract with...

BUSINESS DIGEST

November 12, 1993

lTC

Martin expects no lull at plant

While its contract with Local 738 of the United Auto Workers expired at midnight last night, Martin Marietta Corp. said yesterday that it expected no interruption in production at its Middle River complex today. The union has advised its 400 members to report to work at their normal times.

On Sunday, union members voted by a 10-to-1 margin to reject a proposed contract from the company that would have halted cost-of-living wage increases, cut the number of holidays and eliminated the jobs of cafeteria workers and janitors. The company declined to say if talks aimed at reaching a new agreement had resumed.

GM to invest in Latin America

General Motors Corp. plans to invest from $1.8 billion to $2 billion in the thriving Latin American auto market over the next five years, GM President and Chief Executive John F. Smith Jr. said yesterday. He said GM and other automakers should sell 2.6 million vehicles in the region this year, up 15 percent from 1992.

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