Report: UAW may run some retiree benefits
NEW YORK (Reuters) -- Detroit automakers and the United Auto Workers are
examining a plan that would shift to the union the responsibility for tens
of billions of dollars in retiree health-care liabilities, the Wall Street
Journal reported today, citing people familiar with the matter.
The preliminary discussions highlight the determination of the UAW and the
automakers to find a way to restructure the auto industry without resorting
to bankruptcy-court protection, the newspaper said.
General Motors has hired advisers who worked on a similar deal between the
United Steelworkers and Goodyear Tire & Rubber Co. last month.
GM is looking at "a number of health-care options," but declined to be more
specific, the newspaper quoted a spokeswoman as saying. GM officials could
not be reached.
UAW officials also could not be reached for comment.
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