General Motors' Manufacturing Momentum May Be Pressured On UAW Demands: Report

General Motors Company GM reportedly said that the United Auto Workers union's demands will pressure the auto behemoth's manufacturing momentum. 

The company wants to reach a "fair" agreement without a strike, Reuters reported, citing a video statement from the company's global head of manufacturing, Gerald Johnson.

The UAW demands have "significant costs attached that would threaten our ability to maintain our manufacturing momentum," Johnson said, Reuters noted.

Also Read: UAW Strike Would Be A 'Gut Punch' To GM And Ford, Says Analyst: 'Delicate Balancing Act For Barra And Farley'

Johnson appeared in the video with GM President Mark Reuss, the report added.

The union's demands include eliminating tiered wages and benefits, pay increases to offset inflation, and matching the salary increases of company executives over the last four years.

The demands also include the re-establishment of cost-of-living allowances and defined benefit pensions and retiree healthcare, the right to strike over plant closures, significant increases to current retiree benefits, and more paid time off to be with family.

Also See: General Motors Calls Out Union Over Contract Demands: Report

Price Action: GM shares are trading lower by 0.24% to $33.20 premarket on the last check Wednesday.