UAW announces financial reforms as U.S. corruption probe widens

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UAW announces financial reforms as U.S. corruption probe widens

FILE PHOTO: United Auto Workers (UAW) union President Gary Jones and UAW Secretary-Treasurer Ray Curry raise their arms during the UAW delegates at the 'Special Convention on Collective Bargaining' in Detroit

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(Reuters) - The United Auto Workers (UAW) union said on Monday it would implement stringent changes to its financial procedures and processes in response to a widening corruption probe from U.S. prosecutors.

"This top-to-bottom assessment of our financial and accounting procedures and policies will result in a stronger and more stringent financial oversight of all expenditures and financial transactions," UAW Secretary-Treasurer Ray Curry said in a statement.

UAW President Gary Jones resigned last month after the union moved to remove him from office and as U.S. prosecutors widened a criminal investigation into illegal payoffs that so far has seen 10 people plead guilty.

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The process, which is part of UAW's reform initiative that began last spring, also includes increased staffing, a new external accounting firm and expanded internal financial training, the UAW said.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Anil D'Silva)

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