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Contract Talks Under Way At Volvo Plant

Volvo Trucks North America says the contract at its plant in Virginia has been extended for 24 hours while negotiations with the United Auto Workers continue.

DUBLIN, Va. (AP) -- Volvo Trucks North America says the contract at its plant in Dublin has been extended for 24 hours while negotiations with the United Auto Workers continue.

The existing contract at the New River Valley Assembly Plant expired at midnight Wednesday.

Volvo says all employees should report to work Thursday.

The company says in a statement posted online that negotiations with the United Auto Workers Local 2069 have been "open, frank and professional."

Volvo says it needs to cut costs to ensure the Dublin plant's long-term survival. Its proposals include maintaining existing pay and benefits for active employees and offering laid-off workers who accept recall a different wage and benefit structure.