UPDATE 2-Fiat Chrysler, U.S. union UAW at table as strike looms

Wed Oct 7, 2015 2:18pm EDT
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* UAW has said will terminate current contract at midnight

* Tentative contract was rejected by union members last week

* Would be first Detroit automotive strike since 2007

* Company could lose $1 bln of revenue per week -analyst (Adds number of workers who could be affected by strike, details on contract sticking points, updates share price)

By Bernie Woodall

DETROIT, Oct 7 (Reuters) - With a threatened strike hanging over them, negotiators from Fiat Chrysler Automobiles NV and the United Auto Workers union continued to meet on Wednesday afternoon, a Fiat Chrysler spokeswoman said.

The U.S. union on Tuesday called for a strike against Fiat Chrysler's U.S. operations at 11:59 p.m. EDT on Wednesday (0359 GMT Thursday) unless a new agreement on a four-year contract is reached.

There are 40,000 Fiat Chrysler UAW workers who could strike.

A union spokesman gave no details of the talks including whether the company was willing to sweeten the deal it offered the UAW that was approved Sept. 18 by the union leaders but rejected last week by 65 percent of its rank-and-file Fiat Chrysler membership.   Continued...