Report: UAW may run some retiree benefits

Report: UAW may run some retiree benefits http://www.autonews.com/apps/pbcs.dll/article?AID=/20070123/REUTERS/70123005/1003&refsect 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.
-- Never hire a Ferret to do a Weasel's job
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

Motorsforum.com is a website by car enthusiasts for car enthusiasts. It is not affiliated with any of the car or spare part manufacturers or car dealers discussed here. All logos and trade names are the property of their respective owners.