UAW Ratifies Ford Health Givebacks
Just 51% of the voting union members approved the deal negotiated between the UAW and Ford. That shows that it was a tough deal to get done. A portion of future pay hikes will be used to fund retirees' healthcare. Most retirees will have to pay a yearly fee for their coverage. Active workers don't have to pay any fee for the coverage, but they will have a higher copayment for prescription drugs.
Scorecard: GM deal done. Ford deal done. Next up - DaimlerChrysler.
Health giveback ekes by at Ford-Just 51% of workers OK deal to use portion of future pay hikes to fund retirees' medical care.
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