For the first time in 12 years, GM's UAW Workers Set to Go on Nationwide Strike.

The United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight Sunday after U.S. labor contract talks reached an impasse, the first nationwide strike at GM in 12 years.

"We do not take this lightly," Terry Dittes, the UAW vice president in charge of the union's relationship with GM, said at a press conference in downtown Detroit. "This is our last resort."

GM said in a statement that its offer to the UAW during talks included more than $7 billion in investments, 5,400 jobs - a majority of which would be new jobs - pay increases, improved benefits and a contract ratification bonus of $8,000.