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After GM Announces Buyback Plan, It Will Face Union Demands

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GM Buys Back $5B in Stock

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General Motors Co. Chief Executive Officer Mary Barra started off her second year in the job with an activist investor at her door after her first year was largely consumed by a safety investigation over fatally defective ignition switches.

Now she’ll need to contend with the United Auto Workers union, another constituency looking for a slice of GM’s cash pile.