The United Auto Workers union will aim to ensure that its members share in General Motors GM.UL, Ford Motor Co (F.N) and Chrysler profits in contract talks next year, President Bob King said on Monday.
The union wants the workers to share in the turnarounds at the U.S. automakers in a way that does not put the companies "back in a cycle of uncompetitiveness" that left them struggling in recent years, King said.
"There are a number of different approaches" to achieve that, including "flexible compensation, whether it is profit-sharing (or) gain-sharing," King said in an interview with Reuters.
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